The Knicks and Rockets have had "limited" talks regarding Tracy McGrady, a source told the New York Post.

The source added that conversations could increase within the next week as Houston pushes to move McGrady and the holidays end.

"This could take a while," a source said. "The Rockets want to talk to a lot of teams."

If the Rockets eventually buyout McGrady, it could make it easier for him to land in New York.

The Knicks still have their $6 million mid-level exception and can use a portion to sign a free agent.