According to Darren Dreger:
Lombardi tells TSN. "Ilya Kovalchuk is coming to Los Angeles for face to face discussions, just like any free agent would. We are a long way from agreeing on a contract."
According to Daren Millard of Sportsnet:
Kovy-gate comes 2 an end tomorrow. Kings win the process.. Don't want announcment 2 get overshadowed by WC.This is just the latest in the Kovalchuk saga that has gone on since July 1st. LA were rumored to be out of the running just a few days ago and then they were rumored to be back in the hunt. It was believed that the Kings were Kovalchuk's first choice heading into free agency but there was always the question of whether they would offer him the right amount of money.
We'll have to wait and see how this plays out, if it's true and if so, what are the terms of the contract. Don't expect it to be anywhere near the 17 year, $100M contract that was rumored yesterday.