The Rangers also acquired defenseman Christian Backman from the St. Louis Blues in exchange for a fourth-round pick in this year's draft.
The 26-year-old Hossa has a goal and 7 assists and 8 penalty minutes in 36 games with the Rangers this season. Hossa, selected by Montreal in the 1st round of the 2000 draft, has 31 goals and 30 assists and 102 penalty minutes in 223 career games with Montreal and the Rangers.
The 24-year-old Sjostrom, drafted by Phoenix in the first round in 2001, has 10 goals and 9 assists and 14 penalty minutes in 51 games with the Coyotes this season. He has 32 goals and 41 assists and 126 penalty minutes in 261 career games, all with Phoenix.
In a separate deal with St. Louis, the Rangers acquired the 27-year-old Backman, who has appeared in 45 games this season, registering one goal and nine assists, along with 30 penalty minutes.
