The Toronto Raptors are active in trade talks with the Memphis Grizzlies for Rudy Gay, according to sources.
The Raptors are believed to be the team most serious for Gay.
The framework of a workable trade has not been established.
Sources say the Raptors have made Jose Calderon and Ed Davis as the core of a trade offer for Gay.
Sources also believe that a trade involving the Raptors and Grizzlies could expand to other teams.
The Grizzlies are motivated to trade Gay due financial concerns even though they made a cap-friendly trade last week with the CAvaliers.