Kevin Garnett has one year remaining on his contract with the Minnesota Timberwolves valued at $8 million.
Garnett missed the final 37 games of the season due to a leg injury but he continued to be with the team in a mentoring role.
"I pride myself on being loyal," said Garnett. "I think I've proven that by coming back home to finish my career. I need to see how the next few weeks turn out to truly understand if everyone has that same loyalty. Then I will know what my future holds."
Glen Taylor has been actively seeking to sell 30 percent of the franchise to a group led by private equity investor Steve Kaplan and just hired Tom Thibodeau as the Wolves' new coach and president of basketball operations in a five-year deal valued at an estimated $40 million.
Talks between Taylor and Kaplan are ongoing.
Before Garnett was traded to the Wolves in February of 2015, Adrian Wojnarowski reported Garnett could become a minority owner and consultant with the franchise once he retires.