According to an NHL source, the star center will test free agency for the first time in his career, as he and the Pens are at a contract stalemate.
The 35-year-old has been with the Pens for 16 years. He was a part of the core that helped the team win three Stanley Cup. The Conn Smythe trophy was won by Malkin in 2009, after he won the league's Most Valuable Player award.
He has scored over a thousand points in his career.
While the Pens signed Letang to a new six-year contract last week, they haven't been able to agree on a deal with Malkin.
The Pittsburgh Pirates have gone from a two-year deal to a three-year deal, according to The Athletic. He wants terms beyond that on his next deal.
The feeling is mutual according to the GM who stated his intent to bring the player back. They werechipping away at a contract but couldn't agree on anything.
Despite being slowed by injuries, Malkin scored 20 goals and added 22 points in 41 games for the Pens last season.