The 38-year-old is to meet with the media at agent Bob Sauve's office in Laval, Que., north of Montreal. Turgeon, an unrestricted free agent, was expected to retire after groin and calf injuries held him to only 17 games last season with the Colorado Avalanche.
The Rouyn-Noranda, Que., native was drafted first overall by the Buffalo Sabres in 1987. He went on to amass 1,327 points in 1,294 career games with the Sabres, New York Islanders, Montreal, St. Louis, Dallas and Colorado.
He won the Lady Byng Trophy in 1993 with the Islanders after posting career highs of 58 goals and 132 points.
Earlier this summer, he was named to the Little League Hall of Excellence for his play at the 1982 Little League World Series, when he pitched for Rouyn-Noranda.