The NHL calendar ticks one week closer to the start of the 2026 Olympic Games. And the flow of player trades continued recently, as the New York Islanders made deals with both of their nearby Metro Division rivals, adding Carson Soucy from the New York Rangers and Ondrej Palat from the New Jersey Devils.

But with another week in the books it’s also time for another set of ESPN NHL Power Rankings!

Along with this week’s updated list, a big February game upcoming — either before or after the Olympic break — has been identified for each club.

How we rank: A panel of ESPN hockey commentators, analysts, reporters and editors sends in a 1-32 poll based on the games through Wednesday.

Note: Previous ranking for each team refers to the previous edition, published Jan. 23. Points percentages are through Thursday’s games.