Trade talks involving the Detroit Red Wings are increasing as the Feb. 26 deadline approaches.

The Red Wings would like to move multiple players for draft picks and/or prospects, but they're not going to give away assets for low returns.

One player almost certain to be dealt is Mike Green. Tampa Bay is the most likely destination for the 32-year-old defenseman, who has agreed to waive his no-trade clause if a deal with the Lightning can be made, a source told MLive.

The Red Wings and Lightning have had many discussions and will continue to talk. Detroit would like Tampa Bay's first-round pick this year, which is sure to be in the high 20s, if not 30th or 31st. If the Red Wings must settle for a second-round pick, which would be around 60th overall, they'll also want a young player who can step into their lineup next season.

The league-leading Lightning are seeking a puck-moving defenseman as the potential final piece to a Stanley Cup championship team. Green has six goals and 23 assists in 56 games.

The opportunity to win his first Cup appeals to Green, who is in the final year of his contract at $6 million. But Green also likes playing for the Red Wings, who haven't ruled out the possibility of attempting to re-sign him on July 1 even if he is traded.

Babcock wants Glendening

The Red Wings and Toronto have talked about a potential deal for forward Luke Glendening.

Maple Leafs coach Mike Babcock coached Glendening for two seasons in Detroit and is desperately seeking a fourth-line center and "shut-down guy." The Red Wings have made it clear they're not giving him away; they want a decent pick or one of Toronto's many good prospects. Right wing Kasperi Kapanen, who's appeared in 16 games for the Leafs this season, is a possibility.

Glendening has three years remaining at a $1.8 million cap hit.

Islanders, Flyers balk on goalies

The Red Wings tried to move goaltender Jimmy Howard to the New York Islanders earlier in the week, but their asking price of a high pick wasn't being met.

Since then, Jaroslav Halak made 50 saves Thursday in a 3-0 victory vs. the New York Rangers and Thomas Greiss stopped 45 shots in a 3-0 win at Carolina the next night.

That could curtail talks with the Islanders.

The Red Wings offered Howard or Petr Mrazek to Philadelphia after Flyers goalie Brian Elliott was injured last week (he had core muscle surgery and is expected to be out 5-6 weeks). The Flyers said they're not interested in either. They appear content with Michal Neuvirth, who has gone 3-0-1 since Elliott's injury.

Howard has one year remaining at a $5.291 million cap hit, though his salary for next season drops to $4.25 million. His limited no-trade clause (he can list 10 teams he will accept a trade to) expires after this season.

Unless Mrazek excels from now and until the end of the season, he isn't likely to receive a qualifying offer from the Red Wings ($4 million), making him an unrestricted free agent.

Nyquist, Ouellet possibilities

Some teams have shown interest in forward Gustav Nyquist, including the Nashville Predators, whom the Red Wings visit tonight (8 p.m., Fox Sports Detroit).

Nyquist has one year remaining on his contract at $4.75 million, but his salary next season jumps to $5.5 million, and he has a full no-trade clause. He told MLive earlier in the week that he hadn't been approached about waiving it and indicated he might consider it depending on the situation. He is tied for second on the team with 15 goals.

The Red Wings would like to move defenseman Xavier Ouellet, 24, for a pick. Ouellet has one year left at $1.25 million and has been a frequent healthy scratch, as coach Jeff Blashill prefers Nick Jensen, who is a better skater.