On September 28, 1989, Winnipeg acquired Keith Acton and Pete Peeters from the Philadelphia Flyers for future considerations, however, both Acton and Peeters were returned to Philadelphia on October 3, 1989, for the Flyers fifth round draft pick in the 1991 NHL Entry Draft.
Also, on September 28, 1989, the Jets traded goaltender Pokey Reddick to the Edmonton Oilers for future considerations, and on October 2, 1989, Winnipeg selected Moe Mantha from the Philadelphia Flyers in the NHL Waiver Draft.
Mantha, who played with the Jets from 1980 to 1984, split the 1988-89 season between the Minnesota North Stars and Philadelphia Flyers, scoring four goals and 18 points in 46 games.
The team chose to have three captains this season, naming veterans Randy Carlyle, Dale Hawerchuk and Thomas Steen.
[4] |} Winnipeg selected the following players at the 1989 NHL Entry Draft, which was held at the Met Center in Bloomington, Minnesota, on June 17, 1989.