According to a team announcement, the Pittsburgh Penguins have activated defenseman Erik Karlsson from the injured reserve. In a corresponding roster move, the Penguins have placed defenseman Ryan Graves on the injured reserve.

Pittsburgh will have their highest-scoring defenseman back in the lineup tonight against the Edmonton Oilers. Karlsson, 35, has been sidelined the last nine days with an undisclosed injury and has returned somewhat earlier than expected.

In a resurgent year, the former Norris Trophy winner has registered four goals and 33 points in 44 games for the Penguins this season. He’s led all defensemen in Pittsburgh in ATOI with a 23:46 mark.

He has played a crucial role in the Penguins’ surprising return to contention this season. Not only is Karlsson 20 points away from matching his point totals from last season, but he’s managed a robust 54.3% CorsiFor% at even strength. Despite his 88.6% on-ice SV% being below what most teams would expect from their top defenseman, it’s an improvement from where Karlsson was at as recently as last year.

It couldn’t have come at a better time for the player or team, either. Being the subject of trade speculation throughout Pittsburgh’s retool, a resurgent year from Karlsson has put the Penguins in a better spot regarding his future. The team may be more comfortable retaining Karlsson, given his strong play this season, or have better luck trading him now that interested parties may be more inclined to acquire him.

Meanwhile, Graves will head to the injured reserve after initially being recalled to replace Karlsson’s spot on the active roster. Assuming the rest of the defensive core can remain healthy, Graves will likely be reassigned to the AHL’s Wilkes-Barre/Scranton Penguins upon his activation. He cleared waivers at the end of December and hasn’t met the requirements to need waivers again.

Infamously signed through the 2028-29 season at a $4.5MM cap hit, Graves has been scarcely used by the Penguins this season. Serving in a depth role, he’s registered one goal in 19 games while averaging 15:29 of ice time per game. Playing in the AHL for the first time since the 2018-19 season, Graves has recorded two goals and nine points in 13 contests.

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