The Edmonton Oilers traded forwards Kailer Yamamoto and Klim Kostin to the Detroit Red Wings for future considerations, the teams announced Thursday.

No salary was retained in the deal. Yamamoto has one year remaining on his contract at $3.1 million. Kostin is a pending restricted free agent. By shedding Yamamoto's contract, the Oilers have approximately $8 million in cap space (per CapFriendly) and key negotiations ahead with pending RFAs Evan Bouchard and Ryan McLeod.