Jaromir Jagr agreed to terms on a one-year contract with the Calgary Flames on Monday, Sportsnet reported.
The 45-year-old right wing reportedly will receive $1 million in salary and also could earn an additional $1 million in bonuses.
Flames coach Glen Gulutzan addressed the Jagr situation after practice Monday.
"We haven't announced it or anything yet," Gulutzan said. "What I can say is he did call me yesterday morning and we chatted. We'll see where everything goes with the announcement and all that stuff. Until he gets the white of his eyes, I'm kind of focused on the [season] opener with [the] Edmonton [Oilers] in Edmonton."
The Flames and Oilers play one of four games on opening night of the 2017-18 NHL season on Wednesday (10 p.m. ET; SN, TVA Sports, NHL.TV).
Gulutzan was coach of the Dallas Stars when Jagr played for them in 2012-13.
"When I had him in Dallas, he was fantastic for our group," Gulutzan said. "He was effective. He's a big body. He's fantastic below the circles. Hockey IQ like you've never seen. Hands. He was real good. We ended up moving him at the end of that year to a playoff team (the Boston Bruins), but I can say he was really good for our group in Dallas."
The St. Louis Blues made an offer to Jagr over the weekend but were informed he was going in another direction, general manager Doug Armstrong told the St. Louis Post-Dispatch on Monday.
The Florida Panthers on July 1 decided not to re-sign Jagr, who had 46 points (16 goals, 30 assists) in 82 games last season.
"I think if it does happen, then guys will be excited. It'll produce a spark," Flames captain Mark Giordano said. "You're bringing in a guy who's been one of the best players in the League for a long time and he's still really effective, still really hard to play against. He protects the puck so well and makes so many good plays down low. If it does happen, I think it'll definitely help."
Calgary will be the ninth NHL team for Jagr but his first in Canada.
Among his teammates with the Flames will be Matthew Tkachuk, the son of former NHL player Keith Tkachuk. Jagr was selected by the Pittsburgh Penguins with the No. 5 pick in the 1990 NHL Draft. Keith Tkachuk, who retired in 2010, was chosen by the Winnipeg Jets with the No. 19 pick in the 1990 draft.
"I think to kind of put it in perspective, he came into the League and I was five years away from even being a thought," Matthew Tkachuk said. "It's crazy to think about. He was winning MVPs before I was born, winning Cups before I was born."
Jagr became the third player in NHL history to score 750 goals, joining Gordie Howe (801) and Wayne Gretzky (894), on Oct. 20. Exactly two months later, he scored his 1,888th NHL point to pass Mark Messier for second behind Gretzky (2,857). On Feb. 15, his 45th birthday, Jagr scored his 1,900th NHL point.
Jagr (1,914 points) has played 23 NHL seasons. Voted one of the 100 Greatest NHL Players presented by Molson Canadian last season, he is third in goals (765), fifth in assists (1,149) and fourth in games played (1,711) in League history. He also holds the NHL record for most game-winning goals (135). He won the Stanley Cup with the Penguins in 1991 and 1992, and was chosen for the NHL All-Rookie Team in 1990-91 after he had 57 points (27 goals, 30 assists) in 80 games.
Jagr won the Hart Trophy as League MVP for the 1998-99 season, the Art Ross Trophy as scoring champion in 1994-95 and four straight seasons from 1997-2001, and the Masterton Trophy for perseverance in 2016. He has been selected for the NHL All-Star Game 13 times and voted to the NHL First All-Star Team seven times.
Jagr has scored more than 20 goals in a season 19 times in his NHL career, including each of his first 17, 30 or more goals 15 times, more than 40 goals six times, and more than 50 goals three times, including an NHL career-high 62 in 1995-96.
Jagr has scored more than 100 points in a season five times in his NHL career but none since 2005-06, when he had 123 (54 goals, 69 assists) in 82 games. He has played for the Panthers, New York Rangers, Penguins, New Jersey New Jersey Devils, Boston Bruins, Stars, Philadelphia Flyers and Washington Capitals, and has 201 points (78 goals, 123 assists) in 208 Stanley Cup Playoff games.
NHL.com correspondent Aaron Vickers contributed to this report.