According to LA Kings' Director of Hockey Operations Jeff Solomon, the talks are ongoing between the Kings and Patrick O'Sullivan's agent. Both parties agree that a contract will be signed before training camp.
Indeed, the negotiations are now down to the final stage…hammering out the length of term and the money. The rumored deal discussed is a three or four yeal contract.
O'Sullivan will not be moved as opposed to some rumors floating around the Internet these days. Teams have inquired about O'Sullivan's availability, but GM Dean Lombardi does not intend to move O'Sullivan.
EDIT: O'Sullivan is on the verge of signing a 4 year-deal rumored to worth $4.25 M per year. Expect an official announcement later in the week.