Dwyane Wade is in contract talks with both the New York Knicks and Milwaukee Bucks.

Wade could schedule meetings next week.

Wade and the Miami Heat have been unable to agree upon terms. 

"He wants to be compensated for his pay cuts," a source told Ramona Shelburne.

Adrian Wojnarowski reports Wade has received multiple offers in the $20 million per season range. The Chicago Bulls, Dallas Mavericks and Denver Nuggets have each started to pursue Wade in addition to the Bucks and Knicks.