Marian Hossa will become a free agent on July 1. ((John Amis/Canadian Press))

Thrashers general manager Don Waddell informed forward Marian Hossa that the team won't offer him a contract before Tuesday's trade deadline, according to the Atlanta Journal-Constitution.

Waddell spoke to Hossa on Saturday before Thrashers-Maple Leafs' game (CBC, 7 p.m. ET), and officially ended any hope of signing Hossa.

"No, I don't believe so at this point," said Waddell, when asked if signing Hossa before the trade deadline was a possibility. "We're going to look at all our options at this point, look at what the market will pay."

Both Hossa and Waddell described the meeting as a positive one.

"Me and Don have had a great relationship since the beginning, since I came here," Hossa said. "He was always great to me."

Hossa is due to become a free agent on July 1.