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Jake Fischer: Being told the Wolves are receiving cash in their three-team deal with Detroit and Chicago that offloads Mike Conley Jr. to the Bulls, and swaps Kevin Huerter and Jaden Ivey. Minnesota very much remains in active pursuit of Giannis Antetokounmpo, sources say.

Keith Smith: Picks in the Celtics-Bulls trade, per a league source: To Boston: Denver Nuggets 2027 second-round pick To Chicago: most favorable 2026 second-round pick of Minnesota Timberwolves, New Orleans Pelicans, New York Knicks, Portland Trailblazers (likely to be NOP)

Fullcourtpass: "My phone is blowing up on Coby White or Ayo... There is going to be more movement here in Chicago" - @ShamsCharania (h/t @NBA__Courtside )
"My phone is blowing up on Coby White or Ayo... There is going to be more movement here in Chicago"
— Fullcourtpass (@Fullcourtpass) February 3, 2026
- @ShamsCharania
(h/t @NBA__Courtside)pic.twitter.com/17FAInv2Jn

While the Timberwolves have agreed to trade Mike Conley to Chicago, a team source says the deal is still being finalized. The Wolves are attaching a first-round swap in 2026 to get off Conley's contract and save more than $20 million in luxury tax payments.

Shams Charania: Bulls and Pistons have desires met here in a young and veteran guards to Chicago and a sharpshooter goes to Detroit. Minnesota creates significant tax savings and roster space as they pursue a Milwaukee star this week.
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Shams Charania: Just in: Chicago, Minnesota and Detroit have agreed to a multi-team deal that sends Jaden Ivey and Mike Conley Jr. to the Bulls and Kevin Huerter and Dario Saric to the Pistons, sources tell ESPN. Detroit also receives a 2026 first-round protected swap from Minnesota.
Earvin Magic Johnson: I want to congratulate Mark Aguirre on his #24 jersey retirement with the Dallas Mavericks. I met Mark and Isiah Thomas 45 years ago after they were drafted to the NBA - we formed a friendship and started training in my hometown Lansing, MI and their hometown Chicago, IL that summer. Mark was a triple threat on the basketball court and virtually unstoppable. Look at how good God is, all three of us now have our jerseys retired by the teams we played for - myself with the Lakers, Isiah with the Pistons, and now Mark with the Mavericks!

Multiple sources indicated to The Athletic that the Bulls have signaled to teams that they’re available as a hub to facilitate money for apron and tax-paying teams, which they helped Cleveland do in this deal. All signs point to the Bulls leaning toward developing their young core. Chicago doesn’t seem likely to lean as far back as a tank/rebuild — a) ownership still dictates direction, and b) history shows head coach Billy Donovan is far too competitive to stomach anything resembling a rebuild — but it has emerged as a team much more focused on acquiring young players and assets than in prior seasons.

Bobby Marks: With 8 players on expiring contracts, Chicago will be a team to watch this week.
With 8 players on expiring contracts, Chicago will be a team to watch this week. pic.twitter.com/EUVC8HslQv
— Bobby Marks (@BobbyMarks42) February 1, 2026
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Bobby Marks: The trade saves Cleveland nearly $50M in salary and luxury tax this season. More importantly, it gives Cleveland a veteran guard in Schroder and defensive wing with Ellis. Saric will go into the $6.2M Zach LaVine trade exception. Chicago will need to open up a roster spot.

Bobby Marks: Contract breakdown for the 4 players involved To Cleveland Dennis Schroder: $14.1M, $14.8M, $15.5M ($4.3 GTY), UFA 2028 Keon Ellis: $2.3M, UFA 2026 Note: Ellis is eligible to sign a 3/$52M extension starting on 2/9 To Sacramento De’Andre Hunter: $23.3M, $24.9M, UFA 2027 Note: $1.25M in unlikely bonuses that count toward the apron To Chicago Dario Saric: $5.4M, UFA 206
NBA Communications: The NBA G League Combine, NBA Draft Combine and NBA Draft Lottery will take place in May in Chicago. The schedule of pre-draft events ⬇️
The NBA G League Combine, NBA Draft Combine and NBA Draft Lottery will take place in May in Chicago.
— NBA Communications (@NBAPR) January 29, 2026
The schedule of pre-draft events ⬇️ pic.twitter.com/QKEGR0yY37