Ryan Smyth’s trade request was granted and the 35-year-old left wing is an Edmonton Oiler once again.

In return, the Kings receive forward Colin Fraser and a seventh-round pick in the 2012 Entry Draft. Lombardi said Saturday that he wanted to acquire a player whom he could send to the minors, buy out or trade, so keeping Fraser would not appear to be high on the Kings’ wish list.

In Fraser, the Kings receive an energy-line forward who topped out with seven goals and 19 points in 2009-10, his second NHL season, for the Stanley Cup-winning Chicago Blackhawks. Fraser dipped to three goals and five points in 67 games for the Oilers last season. In 224 career NHL games he has 16 goals, 41 points and 168 penalty minutes.

According to capgeek.com, the Kings can buy out Fraser at a cost of $275,000 over two seasons.

Smyth, whom Lombardi said requested a trade home about two months ago, heads back to the city he called home from 1994-2007. The Alberta native scored 23 goals last season –third on the team — and his (long anticipated) departure gives the Kings their most pressing need to fill when free agency begins July 1.

Smyth is scheduled to have a conference call in Edmonton at 4 p.m. today.

Update: Dean Lombardi said that Fraser has a chance to be with the Kings in training camp and beyond. More from Lombardi in tomorrow’s editions.