The Grizzlies are interested in signing former Rockets guard Von Wafer in order to improve their perimeter shooting.

Before Wafer returns to the NBA he needs to complete a divorce with his current team, Greece's Olympiakos.

The club has Wafer under contract for $2 million but hasn't played him over the past few games.

According to an internet report, Olympiakos announced it had released Wafer late Friday.