Cogliano has an arbitration hearing scheduled for July 21.
Cogliano, 24, was a first-round pick by the Oilers, taken 25th in 2005. He has never missed a game since entering the League and finished this past season with 11 goals and 35 points.
Cogliano had his best season as a rookie in 2007-08, posting career highs with 18 goals and 45 points. He scored 18 goals again the following season and for his career has 57 goals and 146 points in 328 games for Edmonton.
I definitely think going back down helped me, I had a lot of confidence down there, I played a lot of minutes and I think that helped me a lot. With the 37 games up here, that gave me experience as well. I know what it takes to play in the NHL and now it's time for me to show that I'm capable of being a full-time NHL player.
— Oilers forward Leon Draisaitl on finishing the 2014-15 season in juniors after playing 37 games with Edmonton to begin the season