The Timberwolves reached an agreement with 2010 second-round draft pick Nemanja Bjelica on a three-year contract worth nearly $12 million, according to a person with knowledge of the contract talks.

The deal will be announced when the NBA’s free-agent negotiating period ends Thursday.

Selected 35th overall by David Kahn, Bjelica, 27, was named the Euroleague’s MVP this past season and is an offensively skilled 6-10 big man who can play both forward spots but probably is best suited as a “stretch” power forward because NBA scouts expect he’ll struggle to defend small forwards in their league.

The Wolves also are expected to announce a contract agreement with free agent Kevin Garnett sometime after the moratorium ends Thursday. It likely will be a two-year deal with a provision Garnett will stay with the franchise after this season in a management role if his 39-yearold body can’t play two more seasons.

Pek in town

Wolves center Nikola Pekovic strolled through the team’s practice facility Monday wearing a protective boot on his right foot.

He underwent surgery on his Achilles’ tendon in that foot in April in something of a last-ditch attempt to resolve pain that has bothered him the last three seasons.

He returned to Minnesota last week from his home in Montenegro to continue his rehab.

JERRY ZGODA