Schultz is 31 years old and has played 871 NHL games with the Minnesota Wild and Oilers. He is scheduled to be an unrestricted free agent after the season.
Schultz comes to the Blue Jackets at a time when their blue line is in a bit of disarray because of injuries.
Fedor Tyutin injured his ankle during the 2014 Sochi Olympics and is on injured reserve. Ryan Murray sustained a lower-body injury Monday against the Toronto Maple Leafs and did not play Tuesday against the Dallas Stars. He is considered day-to-day.
Schultz had no goals and four assists with a minus-11 rating in 60 games with the Oilers this season.
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