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Peter Forsberg, right, became an unrestricted free agent after the Nashville Predators decided not to re-sign him at the end of the 2006-07 season. ((Bruce Bennett/Getty Images))

It appears Peter Forsberg will not be returning to the NHL this season.

Although all indications over the weekend suggested Forsberg was going to announce this week that he would play, on Monday his agent Don Baizley told CBCSports.ca that "we have told the teams it's unlikely Peter will return to the NHL this season."

According to sources, Forsberg, 34, spent the weekend with the doctor who has performed multiple surgeries on his foot.

While he has felt good and while several general managers said Monday they believe Forsberg was returning, he wasn't confident in his foot/skate problem that has affected him the past couple of seasons.

"Peter didn't want to go back and have the same problems," said the source. "He didn't feel confident he could sustain it and given the trade deadline is just a week away, decided to shut it down."

Forsberg had to sign with a team by the Feb. 26 trade deadline to be eligible to play in the playoffs.

There is still the possibility, however, that Forsberg could return to the NHL next season.

Speculation in Sweden

Forsberg has been out of action with a foot and ankle injury since finishing the 2006-07 NHL campaign with the Nashville Predators. The talented forward recently practised with Modo in his native Sweden, prompting speculation he could sign a contract to play with his hometown club.

Instead, Forsberg decided not to sign with the Swedish Elite League team, and instructed Baizley to begin talking to NHL teams that might be interested in signing him.

The Swedish forward became an unrestricted free agent after the Predators, who acquired him in a trade with the Philadelphia Flyers last February, decided not to re-sign him at the end of the 2006-07 season.

Forsberg won two Stanley Cups with the Colorado Avalanche and was awarded the Hart Trophy as league MVP for the 2002-03 season after scoring 29 goals and adding 77 assists.

He also won an Olympic gold medal with Sweden at the 1994 and 2006 Winter Games.

Injuries have plagued the Swedish forward in recent years. He hasn't played more than 60 games in a season since suiting up for 75 games in the 2002-03 campaign with the Avalanche.

With files from the Canadian Press