Read the articles in the Post-Gazette and Tribune Review. According to his agent, Malkin has tendered his two week notice that is required by Russian labor law to leave his current job. This would allow him to come to America and play for the Pens.
Don't expect this to go entirely smoothly, however. The Russian Super League GMs were apparently the reason the transfer agreement wasn't signed, and they'll likely kick up as much trouble as they can to try to keep Malkin, or force the Penguins (and / or NHL) to pay as much as possible to get him.
All in all, however, things just became much brighter in terms of Malkin being here for the opening of training camp.
On a side note, the Trib is kicking the stuffing out of the Post-Gazette lately. They have the quotes from Don Meehan (Malkin's agent) saying that Malkin turned in his two week notice. The Post-Gazette has quotes from Meehan, but nothing about that. What happened Post-Gazette?