Well, it appears the trade is done, as is a deal for Andrei Kirilenko.
According to a report by the Associated Press out of New Orleans, citing a person familiar with the deal, the three-team trade involving the Wolves, Phoenix and New Orleans is complete. The report said a few logisical matter had to be worked out before the trade was formally announced.
Meanwhile, Yahoo's Adrian Wojnarowski is reporting that the Wolves are in the process of finalizing a two-year, $20 million deal with Kirilenko, with a player option for a third season, citing sources.
Here's how the deal breaks down: Center Robin Lopez and forward Hakim Warrick go from Phoenix to New Orleans. The Wolves send Wes Johnson and a future first-round draft pick to Phoenix. The Wolves get guard Jerome Dyson and retiring center Brad Miller and his $5.1 million salary as well as two second-round draft picks from New Orleans.
In other words, the Wolves get salary cap space that allowed them to pursue Kirilenko.
Timberwolves president of basketball operations David Kahn declined to comment on the trade during a conference call announcing the signing of Alexey Shved, saying nothing had been consummated yet.
Kirilenko, a veteran forward with 10 seasons of NBA experience, all with Utah, played in his native Russia this past season (he was Shved's teammate). He has announced he wants to return to the NBA.
Kirilenko, a 31-year-old forward, would give the Wolves a veteran presence as well as a defensive upgrade at small forward. Kirilenko is under contract with his Moscow team through 2014, but his agent, Marc Fleisher, said he has a "small" buyout that would allow him to come back to the NBA if he chose to.