As of 12:45 pm ET, Yahoo Sports is reporting that it is likely that the Miami Heat acquire Goran Dragic from the Phoenix Suns in exchange for what was previously reported to be two first-round draft selections. This would be a big deal for Phoenix who has been looking for two first rounders in exchange for Dragic.
Meanwhile, the Heat would get another point guard to share play time with Mario Chalmers at the point guard spot. This deal would likely result in the Detroit Pistons getting Norris Cole and possibly Danny Granger from the Heat for a package that could include Kyle Singler.
The next big possible trade to report is Reggie Jackson to Brooklyn as well as others for Brook Lopez, who would be heading to OKC in a two-team trade. As the author mentioned earlier, this would be a huge boost to the Brooklyn backcourt. This would also allow for Jarrett Jack to be moved to Washington or Detroit, as reported by Yahoo.
Finally, Garnett to the Timberwolves is still very likely, as the Nets have been very active, along with the Denver Nuggets who have traded JaVale McGee and Arron Afflalo so far.
Final names to watch that could be on the move include Jonas Jerebko of the Pistons, Nik Stauskas of the Kings, and the New York Knicks' Tim Hardaway Jr. Trey Burke trade rumors have started to die down, however.