Andrei Kirilenko will stay with CSKA Moscow until the end of the season.

Kirilenko signed 3-year contract with CSKA Moscow before the start of 2011-12 season, with the option to opt-out once the lockout was over.

Kirilenko is coming off an injury-plagued season with the Jazz.

The Top-16 Euroleague Draw was announced on Wednesday.

Group E will consist of CSKA Moscow, Olympiacos, Efes Istanbul and Galatasaray.

Group F is headlined by Real Madrid, followed by Montepaschi Siena, Unicaja and Gescrap Blbao.

Group G consists of Fenerbahce Ulker, Panathinaikos Athens, Unics Kazan and Armani Milan.

Barcelona Regal leads Group H with Maccabi Tel Aviv, Bennet Cantu and Zalgiris Kaunas.

Click here to view individual stats from the Euroleague Regular Season and here for full team stats.

Real Madrid's Nikola Mirotic has been named Euroleague MVP for the month of December.

During four games in December, Mirotic dominated like never before in leading his team to a perfect record with wins over three other Euroleague Top 16 teams to clinch first place in Group C and a No. 1 seed in the Top 16 Draw.

He recorded his first career Euroleague double-double, set career highs in index rating, scoring and steals and earned weekly MVP honors for the first time. His 18.5 points per game in December came with excellent efficiency.

Mirotic also averaged 6.8 rebounds per game.

The Bulls own the draft rights to Mirotic.

The New Orleans Hornets announced that they have signed forward/center Gustavo Ayón. Per team policy, terms of the contract were not released.
 
“We are extremely excited about this signing,” said Hornets GM Dell Demps. “Gustavo is someone who we have had on our radar for a while and we believe he is going to be a great addition to our roster. He is a highly coveted international player and we look forward to working with him as he transitions into being an NBA player." 

Ayón (6-10, 250), averaged 15.9 points on 66 percent shooting while grabbing 8.2 rebounds per game this season over 10 games for Fuenlabrada of Spain.

A source familiar with the Knicks' thinking said it is "possible" the Knicks would have interest in signing Kenyon Martin later in the season if they need a jolt up front and they will pocket their $2.5 million exception.

A source said the 33-year-old former Nets star would be amenable to joining the Knicks.

Another Chinese league player of interest also would be ex-Knick Wilson Chandler, who still is playing in Asia and also wouldn't be eligible until March.

Multiple sources said Chandler would love a return to the Knicks, who reluctantly traded him to Denver in the Carmelo Anthony deal last February.

Carlos Arroyo signed a deal with Besiktas Thursday.

Arroyo averaged 4.8 points and 1.9 assists with the Celtics last season.

He is expected to join the team later this month.

The Eurocup released their groups for the Last 16 on Tuesday.

Group I will consist of MBC Gravelines, CEZ Nymburk, VEF Riga and Valencia Basket.

BC Khmki Moscow, ASVEL Basket, BC Donetsk and Aris are in Group J.

Group K has Banvit BK, BC Spartak, Krka and KK Buducnost Voli.

Group L will feature Lietuvos Rytas, ALBA Berlin, PBC Lokomotiv and Benetton Basket.

Andy Rautins has signed with Lucentum Alicante of Spain.

Rautins was traded to the Mavericks from the Knicks in the Tyson Chandler deal and was subsequently waived.

FC Barcelona star Juan Carlos Navarro will be sidelined for a month due to plantar fasciitis in his left foot.

Navarro has averaged 12.1 points and 3.1 assists over eight Euroleague games so far this season.

The Xinjiang Flying Tigers in China are giving strong consideration to releasing star forward Kenyon Martin, according to sources close to the situation.

If Xinjiang goes through with the move, it would be the test case for established NBA players who signed in China during the lockout to possibly return to the NBA sooner than expected.

Sources told ESPN.com that only the threat of serious sanctions from Chinese league officials for releasing a player of Martin's stature in-season, including the potential forfeiture of games, has stopped Xinjiang from making the move already.