The Grizzlies are still looking to add a weapon to their bench.
They are one of several teams showing interest in Heat swingman Dorell Wright, according to reports.
If Miami doesn't get rid of Wright, they'll have to pay the NBA's luxury tax.
Wright is making $2.9 million this season and Miami is unlikely to re-sign him this summer.
The Grizzlies have three 2010 first-round picks to use as trade bait.