Team is actively shopping the No.4 overall pick in the NHL Draft.

The fallout from the NHL's Draft Lottery has begun, and while many teams are pleased with their prospective positions, others are ready to wheel and deal to improve their clubs.

TSN's Darren Dreger reported Sunday that the Maple Leafs, Jets and Blue Jackets are "very unlikely" to trade out of the top three, but stated that the No. 4 pick - held by the Edmonton Oilers - is "definitely in play."

Oilers' GM Peter Chiarelli admitted on Saturday that he was disappointed that his team fell to the fourth-overall pick, but remained confident that the club would get their hands on a quality player, should they decide to hold on to the pick.

"I was preparing myself for potentially moving down," Chiarelli said, per Chris Wescott of Oilers.com. "It was disappointing, but I've been watching a lot of these players lately and we're going to get a real good player."

The Oilers have a glaring need on the blueline, and are certainly eyeing a defenseman in the draft. With forwards Auston Matthews, Patrik Laine and Jesse Puljujarvi projected to go 1-2-3, the team will certainly be able to get the quality D-man they so badly need.

However, trading down in the draft would almost certainly net the Oilers an extra asset, which is a route the team is likely to explore before the draft.

“What’s exciting with the second tier is that there’s a lot of defencemen and there’s a lot of good-sized forwards,” said Chiarelli. “Those are two needs we’re looking at so we’re going to look a little more closely. If we keep the pick or we move it and get another pick, there’s still a lot of those good players that are big or are defenders.”

Expect the Oilers to be major trade players leading up the draft.

[pub]