Edmonton and Montreal have previously shared an AHL team in Hamilton.
Sources tell Sportsnet the Edmonton Oilers intend on utilizing Montreal's AHL team in Hamilton, as well as the Dallas Stars American League team in Des Moines as a developmental replacement for the Road Runners.
Edmonton's AHL franchise suspended operations late last week after failing to meet a two week extension imposed by AHL commissioner David Andrews.
The Oilers aren't confident, as hockey starved as Edmonton might be, that the area could sustain two professional teams.
"We didn't want to send mixed messages to the consumer in a year where marketing at the NHL level will be crucial," a source close to the negotiation told Sportsnet.
The San Antonio Rampage also suspended operations, leaving the Florida Panthers without an AHL partner. However, the Panthers are believed to be in discussion with the Toronto Marlies and Chicago Wolves for a shared arrangement as well.