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This report comes a day after Philadelphia’s Thaddeus Young was confirmed to be traded to the Timberwolves.
As a result, Minnesota will get the past two No. 1 overall picks, Wiggins and Anthony Bennett, 76ers forward Thaddeus Young and a trade exemption that will allow the Timberwolves to acquire a player within the next year without hindrance by the salary cap. The exemption is believed to be worth $4 million.
Cleveland will receive Love to team with LeBron James and Kyrie Irving.
Philadelphia will get the 2015 first-round pick from Miami that Cleveland owns as well as the contracts of Luc Mbah a Moute and Alexey Shved.
Per NBA rules, Cleveland is allowed to trade Wiggins, this year’s No. 1 overall pick, Saturday. The deal is expected to be announced by the three teams at that time.