The transaction was confirmed by both teams' respective twitter accounts.
Lovejoy had appeared to become the odd man out in the Pittsburgh defense corps. Having played in only three of the team's 10 games this season, Lovejoy was a healthy scratch in the Penguins' last four consecutive contests.
Originally signed as an undrafted free agent, Lovejoy played five games with the Norfolk Admirals and then signed an AHL contract with the Wilkes-Barre/Scranton Penguins before inking an NHL deal with Pittsburgh in 2008.
In 98 career NHL games, Lovejoy registered four goals, 21 assists, 25 points and 63 penalty minutes.
In addition, the Penguins also announced that the club had recalled 28-year-old defenseman Dylan Reese from Wilkes-Barre/Scranton. In 39 games this season, Reese has accumulated three goals and 12 assists for 15 points.