The New Orleans Hornets have agreed in principle to a trade that will send center Tyson Chandler to the Charlotte Bobcats for Emeka Okafor.

NBA front-office sources told ESPN.com that the deal was nearly consummated Friday and that talks had advanced to the point that the swap is on course to be submitted to the league office for approval Tuesday, barring any unforeseen snags.

Sources indicate that Okafor and Chandler will be the only players involved.