Will Kevin Garnett waive no-trade clause to set up return to Minnesota?

The Timberwolves are reportedly waiting to see if Kevin Garnett will waive his no-trade clause, which would allow the Brooklyn Nets to trade him to Minnesota.

The NBA trade deadline is at 2 p.m. central time.

Garnett, 38, came to Minnesota and the Timberwolves in 1995 as a gangly 19-year-old, the first in a new wave of teenagers who directly entered the NBA from high school.

The Wolves and Brooklyn have discussed a deal that would bring Garnett back to the franchise where he played his first 12 NBA seasons, according to a person with knowledge of the talks. ESPN first reported the trade talks. If agreed upon, it's a swap that would include Wolves forward Thaddeus Young, who this summer can opt out of the final year of a contract set to pay him nearly $10 million next season.

Garnett is one of only six NBA players who has a no-trade clause in his contract.

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He also presumably would have to put aside any lingering bitter feelings he might have with Wolves owner Glen Taylor over the way his time in Minnesota ended with a 2007 trade that sent him to Boston, where he won an NBA title in 2008 that had eluded him as a Timberwolf.

Earlier this season, Garnett told Yahoo Sports that he eventually intends to own the Wolves.

Garnett recently told New York reporters that he intends to finish the season with the Nets, mostly because it's not as easy to move or change because of family responsibilities now that he's 38.

The Wolves also must decide if Garnett's short-term return as a player — a contract that pays him $12 million this season expires this summer — for the season's final weeks and, maybe, one final season beyond that.

Such a trade would reunite Garnett with Wolves coach/president of basketball operations Flip Saunders, who coached him for the first decade of his career.

Garnett would give the Wolves — if only for this season's fleeting weeks — box-office appeal and locker-room presence for an 11-victory team now built around youngsters Andrew Wiggins, Ricky Rubio, Zach LaVine, Anthony Bennett, Adreian Payne and others.

It's not known whether any deal would include draft picks or other players such as Chase Budinger whose $5 million contract for next season the Wolves would like to trade.