The Montreal Canadiens have acquired forward PA Parenteau and the Colorado Avalanche's fifth-round pick in the 2015 NHL Draft in exchange for forward Daniel Briere.
Briere lasted just one season with the Habs after signing a two-year, $8 million contract with the team last summer.
The 36-year-old Briere scored 13 goals and added 12 assists in 69 games with Montreal in 2013-14.
Originally selected 24th overall by the then-Phoenix Coyotes at the 1996 NHL Entry Draft, Briere has scored 299 goals and 385 assists in 916 career NHL games with the Coyotes, Canadiens, Buffalo Sabres and Philadelphia Flyers.
Parenteau – who came to Colorado after posting a career-high 67 points with the New York Islanders in 2011-12 – put up 14 goals and 19 assists this season in 55 games with the Avs. He scored one goal and added two assists in seven playoff games.
The 31-year-old just completed the second year of a four-year deal worth an average annual value of $4 million.
He was originally selected in the ninth round (264th overall) of the 2001 NHL Entry Draft by Anaheim. He has scored 73 goals and 132 assists in 291 career NHL games with the Avalanche, Islanders and Chicago Blackhawks.