The Toronto Maple Leafs and defenseman Jake Muzzin are expected to come to terms on a contract extension by the Feb. 24 trade deadline, TSN's Darren Dreger reported on Thursday's edition of "Insider Trading."

"It's getting closer. It's not done yet, (but) the expectation is – if all things progress in the fashion that they are – that they should have a contract extension in place for Jake Muzzin as early (as) or before the trade deadline," Dreger said.

The term and value of the extension are unclear at this point, and Dreger added the Maple Leafs are working through different scenarios to determine what's best for their salary-cap picture.

Toronto acquired Muzzin from the Los Angeles Kings last season.