I think
@Kovalev27 is right when he says that the Rangers are probably his first choice. If he really wanted to be an Islander, we'd know by now, that much is true.
Whether or not the FO caves to bridge the gap between what they have in mind and what the Isles are throwing his way is a whole other matter. Theres been a ton of gamesmanship on both ends (for instance, I never bought that the Rangers limit to Panarin was 11.25 or what ever Brooks said, it's probably closer to 12, whether or not they've offered that yet, I don't know, probably not.)
Freidman has been operating on the idea that they won't go there (Dreger has as well, though he's been pretty silent on this matter lately.) I hope they won't but suspect that they will.
If the Islanders are going to get him, drive up that price as much as possible.