The Toronto Maple Leafs are heading into the 2025-2026 NHL season with a palpable sense of anticipation, and the question on everyone's mind is: when will they make their next big move? General Manager Brad Treliving has already made significant changes this offseason, most notably trading Mitch Marner to the Vegas Golden Knights and bringing in Nicolas Roy. However, the Leafs appear to be far from finished in their quest to build a Stanley Cup-contending roster.

Several factors suggest a trade is imminent. Firstly, the Leafs are reportedly still seeking a top-six forward to replace Marner's offensive output. While additions like Roy and Matias Maccelli bolster the team's depth, they don't necessarily provide the high-end scoring the Leafs need to compete with the league's elite. Secondly, the Leafs have a logjam on defense, with at least six established NHL defensemen vying for spots. This surplus creates an opportunity to trade from a position of strength to address needs elsewhere.

So, who could be on the move? Several players have been mentioned in trade rumors. On the forward front, David Kampf, Calle Jarnkrok, and Nick Robertson have been identified as potential trade candidates. Kampf's role as a bottom-six center is vulnerable, especially with the acquisitions of Scott Laughton and Roy. Jarnkrok, while versatile, has struggled with injuries, making him a possible salary dump. Robertson, despite his potential, needs to make a significant impact this season to secure his place in the lineup.

However, the most intriguing trade chip may be defenseman Brandon Carlo. Acquired by the Leafs at last season's trade deadline, Carlo is a solid, right-shot defenseman with term remaining on his contract. Several analysts believe Carlo could be used to acquire a scoring forward or a puck-moving defenseman. James Mirtle of The Athletic suggests the Leafs are specifically looking to add a puck-moving defenseman, which could make a defensively-minded player like Carlo expendable. Potential targets to replace Carlo include UFA Matt Grzelcyk.

Several potential trade targets have emerged. Bryan Rust and Rickard Rakell of the Pittsburgh Penguins are reportedly available as the Penguins potentially enter a rebuild. Both are top-six forwards with proven scoring records. Former Leaf Nazem Kadri has also been mentioned, offering veteran leadership and playoff experience. Alexander Holtz of the Vegas Golden Knights, a former top-10 pick, could be a buy-low candidate with untapped potential.

The timing of a potential trade is uncertain. The Leafs could make a move before training camp to solidify their roster. Alternatively, they might wait closer to the trade deadline to assess their needs and maximize their return. Injuries or unexpected performances could also accelerate the timeline. It's also possible that the Leafs may stand pat with the current roster.

Ultimately, the Maple Leafs are in a position of strength with multiple avenues to improve their team. Whether they choose to strike early or wait for the right opportunity, the coming weeks and months promise to be intriguing for Leafs fans.