HC Davos of Switzerland has signed Joe Thornton and Rick Nash. The two played there during the last lockout, and probably chose the team because Davos is a ski resort town in the Alps. Sort of like playing in Aspen.
Mettalurg of Russia's KHL has been busy. They signed Sergei Gonchar, Evgeni Malkin, and Nikolai Kulemin of the Maple Leafs.
Some NHL players have taken advantage of the lockout to play closer to home. Christian Ehrhoff signed with the German team Krefeld, which is only 14 miles from his hometown of Moers. Mark Streit is playing in Bern, which essentially is his hometown town. Russian Ilya Kovalchuck signed with SKA St. Petersburg.
There are rumors that Bruin David Krejci will be signing with a Czech team.
I don't think Tim Thomas will be playing in Europe. But you never know.