According to Dmitry Chesnokov, Islanders winger Kirill Petrov has signed an extension in the KHL with his team AK Bars. He said the terms of the agreement haven't been made public yet.
However, about an hour after that, Chris Botta tweeted that after talking to Petrovs agent that its a possibility that Kirill would come to the NHL. However, because of his ill mom and the uncertainty regarding the CBA he was considering signing for 1-2 more years in the KHL.
It will be unfortunate if he resigns in Russia, but not completely un-expected. Hopefully he comes over soon so he can show us fans what the Islanders saw in him when they took a flier on him in the third round 4 years ago.