A move to the Buffalo Sabres would mark a hometown return for Kane, who was born and raised in Western New York.
Buffalo is seeking to bolster its young lineup after advancing to the second round of the Stanley Cup playoffs and recently trading Alex Tuch's signing rights to Washington.
Alternatively, a reunion with the Chicago Blackhawks remains a possibility.
Kane spent 16 seasons in Chicago, winning three Stanley Cups, the Hart Trophy, Art Ross Trophy, and Conn Smythe Trophy.
He could provide veteran leadership for a rebuilding roster centered around Connor Bedard.
AFP Analytics projects Kane's next contract at one year worth $3.3 million, ranking him seventh among available free agents.
Kane recorded 57 points in 61 games for the Red Wings last season, maintaining a 52 percent share of expected goals at 5-on-5.
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Official team offers and free agent signings across the league commence on Wednesday afternoon.
