Multiple league sources report that the Bucks and Timberwolves have agreed to a trade that would send Sam Cassell and Ervin Johnson to Minnesota with Anthony Peeler and Joe Smith going to Milwaukee.

The Timberwolves reportedly were going to hold a press conference at 12:00PM EST, but that has been delayed. As of 1:00PM EST, the NBA.com roster pages of both teams show the players on their supposed new teams.

UPDATE: The Score in Chicago is also reporting this trade.

UPDATE: Kevin McHale has confirmed the trade at the 1:45PM EST press conference.