The Boston Cannons and the New York Lizards are in advanced trade talks involving Paul Rabil and Max Seibald, multiple sources have told Inside Lacrosse.

The principle elements of the deal send Rabil and fellow Cannon midfielder Mike Stone to New York in exchange for Seibald and defender Brian Karalunas, in addition to collegiate draft picks in 2016 and 2017 going back to the Cannons.

The trade has yet to be approved by the league, but a source said the deal could be approved as early as Friday, with a formal announcement coming early next week.

A two-time MLL MVP, Rabil put up 52 points in 12 games before his season came to an early end after he fractured a bone in his foot. Boston draft Rabil with the No. 1 overall pick in 2008, and he's amassed 362 career points and six All-MLL selections in the seven seasons since.

Seibald also dealt with injury issues and put up 21 points in 11 games in 2014, while Karalunas has emerged as one of the league's top young longpoles. In five MLL seasons, Stone has put up 85 career points, including combining for 62 points in 2012 and ’13.

The trade will help Boston rebuild for the future after the loss of Ryan Boyle and Stephen Berger to retirement in the offseason. New York is eyeing another serious run at the championship after losing to the 2014 winners Denver Outlaws in the MLL semifinals by one goal.

Check back to InsideLacrosse.com for more information on this developing story.