The Senators are expected to announce their first free-agent signing of the summer this week, the Sun has learned.
Senators GM John Muckler, whose contract expires July 1, has agreed to an extension to remain in control of the club.
Muckler took over the Senators before the 2002-03 season, after former GM Marshall Johnston walked away from an extension.
Not only has Muckler kept the core of the team intact, he has worked hard to help the team have playoff success by making bold moves at the trade deadline.
With the NHL lockout on the verge of being settled, Muckler wants to stick around to help lead Ottawa to the Stanley Cup and is excited about the prospect of seeing goalie Dominik Hasek in net.
Muckler was also responsible for the hiring of coach Bryan Murray last summer, but Murray has yet to make his debut behind the club's bench because of the lockout.
It's not known if Senators owner Eugene Melnyk will be in town for the announcement.