According to TSN's Bob McKenzie, the Leafs have signed recently bought out forward P.A. Parenteau to a one-year deal.
Parenteau, bought out by the Canadiens, had 22 points in 56 games with Montreal in 2014-2015. The year prior, with the Colorado Avalanche, Parenteau registered 33 points in 55 games.
In 347 NHL games, Parenteau has registered 227 points, including a career-high 67 points in 2011-2012 with the New York Islanders.
Parenteau, 32, is a speedy right wing who lost favour with head coach Michel Therrien while carrying a $4 million cap hit into the 2015-2016 season prior to the buyout.