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Updated December 16, 1997

15 December 1997

Phoenix trades Craig Janney to Detroit for Igor Larionov.
Phoenix trades Gerald Diduck to Pittsburgh for Alex Hicks.
Anaheim trades David Karpa, Paul Coffey and Bryan Smolinski to Detroit for Viacheslav Kozlov, Vladimir Konstantinov and Anders Ericksson. Anaheim releases Shawn Pronger.
St. Louis signs Slava Fetisov and Marcel Coiseneau. Ricard Persson, Rory Fitzpatrick and Jon Casey released.
Toronto signs Martin Straka and releases Jamie Macoun.
Calgary signs Mike Eagles, Dennis Lambert, Mike Hough and Enrico "Polazzo" Ciccone. Ronnie Stern, Yves Racine, Mike Hlushko and Mike Sullivan are released.
Anaheim signs Kevin Dean, Chris Tamer, Jim Johnson and Tim Taylor. Jari Kurri, Warren Rychel and Frank Banham are released.
Pittsburgh signs Doug Brown and Josef Beranek. Joe Mullen and Stefan Bergkvist released. New Jersey signs Steve Washburn and Bob Bassen. Dennis Pederson released. Lance Ward returned to the minors.

3 December 1997

Detroit trades Sergei Federov, Niklas Lidstrom, and Jamie Pushor to Washington for Adam Oates, Phil Housley, Boris Mironov, and Patrick Boileau.
Chicago trades Kevin Miller to Detroit for Kris Draper.

1 December 1997

Detroit signs Grant Ledyard and releases Slava Fetisov.
Toronto signs Karl Dykhuis and Garth Snow. Rob Zettler, Zdnek Nedved, Marcel Cousineau and Darby Hendrickson are released.
Washington signs Boris Mironov and Vadim Sharifijanov. Michal Pivonka, Pat Peake and Kevin Kaminski are released.
Anaheim signs Todd Krygier and Brent Gilchrist. Nikolai Tsulygin, Richard Park and J.F. Jomphe released.
Dallas signs Bobby Carpenter and releases Arturs Irbe.
Colorado signs Igor Korolev and Pasal Rheaume. Brent Severyn released.
Phoenix signs David Nemirovsky. Pat Jablonski released.
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