Kevin Garnett has agreed to waive his no-trade clause to return to the Minnesota Timberwolves.

The Brooklyn Nets will acqire Thaddeus Young from the Wolves in exchange for Garnett.

Garnett was traded by the Wolves to the Boston Celtics in 2007.

The Wolves acquired Young as part of the Kevin Love deal last offseason.

Jon Krawczynski of the Associated Press reports the Wolves would like to sign Garnett to a two-year extension.