The Minnesota Timberwolves have agreed to sign Rondae Hollis-Jefferson.

Hollis-Jefferson spent last season with the Toronto Raptors. 

The Minnesota Timberwolves have signed Tyler Cook to a camp contract.

Cook spent parts of last season with the Cleveland Cavaliers and Denver Nuggets, as well as in the G League with the Canton Charge and Oklahoma City Blue. 

Cook went undrafted in 2019 out of Iowa. 

The Minnesota Timberwolves traded Omari Spellman, Jacob Evans, and a second-round pick to the New York Knicks, sources told Adrian Wojnarowski of ESPN.

The Wolves will receive Ed Davis in return.

Juancho Hernangomez has agreed to a three-year, $21 million deal with the Minnesota Timberwolves.

Hernangomez averaged 6.0 points and 4.1 rebounds last season.

Malik Beasley has agreed to a four-year, $60 million deal with the Minnesota Timberwolves.

Beasley is a restricted free agent.

The Wolves drafted Anthony Edwards first overall.

James Johnson has opted into his $16 million player option for the 20-21 season with the Minnesota Timberwolves.

Johnson will be traded by the Wolves to the Oklahoma City Thunder as part of the Ricky Rubio deal.

The Minnesota Timberwolves have agreed with the Oklahoma City Thunder on a trade for Ricky Rubio.

Minnesota will send the 17th pick to the Thunder for Rubio as well as picks No. 25 and No. 28.

Rubio began his career with the Wolves.

After weeks of considering trade offers, the Minnesota Timberwolves kept their pick and selected Anthony Edwards first overall.

First Round

1. Minnesota Timberwolves: Anthony Edwards

2. Golden State Warriors: James Wiseman

3. Charlotte Hornets: LaMelo Ball

4. Chicago Bulls: Patrick Williams

5. Cleveland Cavaliers: Isaac Okoro

6. Atlanta Hawks: Onyeka Okongwu

7. Detroit Pistons: Killian Hayes

8. New York Knicks: Obi Toppin

9. Washington Wizards: Deni Avdija

10. Phoenix Suns: Jalen Smith

11. San Antonio Spurs: Devin Vassell

12. Sacramento Kings: Tyrese Haliburton

13. New Orleans Pelicans: Kira Lewis

14. Boston Celtics (via Memphis): Aaron Nesmith

15. Orlando Magic: Cole Anthony

16. Detroit Pistons (via Portland and Houston): Isaiah Stewart

17. Oklahoma City Thunder (via Brooklyn, Atlanta and Minnesota): Aleksej Pokusevski

18. Dallas Mavericks: Josh Green

19. Brooklyn Nets (from Philadelphia and Clippers): Saddiq Bey

20. Miami Heat: Precious Achiuwa

21. Philadelphia 76ers (from Oklahoma City and Orlando): Tyrese Maxey

22. Denver Nuggets (from Houston): Zeke Nnaji

23. Minnesota Timberwolves (from Utah and New York): Leandro Bolmaro

24. Denver Nuggets (from Indiana, Milwaukee and New Orleans): R.J. Hampton

25. New York Knicks (from Denver, Minnesota and Oklahoma City): Immanuel Quickley

26. Boston Celtics: Payton Pritchard

27. Utah Jazz (from Clippers and New York): Udoka Azubuike

28. Minnesota Timberwolves (from Lakers and Oklahoma City): Jaden McDaniels

29. Toronto Raptors: Malachi Flynn

30. Memphis Grizzlies (from Milwaukee, Phoenix and Boston): Desmond Bane

Second Round

31. Dallas Mavericks: Tyrell Terry

32. Charlotte Hornets: Vernon Carey Jr.

33. Los Angeles Clippers (via New York): Daniel Oturu

34. Philadelphia 76ers: Theo Maledon

35. Memphis Grizzlies: Xavier Tillman

36. Dallas Mavericks: Tyler Bey

37. Oklahoma City Thunder: Vit Krejci

38. Detroit Pistons: Saben Lee

39. Utah Jazz: Elijah Hughes

40. Sacramento Kings: Robert Woodard

41. San Antonio Spurs: Tre Jones

42. Charlotte Hornets: Nick Richards

43. Sacramento Kings: Jahmi'us Ramsey

44. Chicago Bulls: Marko Simonovic

45. Milwaukee Bucks: Jordan Nwora

46. Portland Trail Blazers: CJ Elleby

47. Boston Celtics: Yam Madar

48. Golden State Warriors: Nico Mannion

49. Philadelphia 76ers: Isaiah Joe

50. Atlanta Hawks: Skylar Mays

51. Golden State Warriors: Justinian Jessup

52. Houston Rockets: Kenyon Martin Jr.

53. Washington Wizards: Cassius Winston

54. Indiana Pacers: Cassius Stanley

55. Los Angeles Clippers: Jay Scrubb

56. Charlotte Hornets: Grant Riller

57. Brooklyn Nets: Reggie Perry

58. Philadelphia 76ers: Paul Reed

59. Toronto Raptors: Jalen Harris

60. Milwaukee Bucks: Sam Merrill 

The Minnesota Timberwolves intend to keep their selection at first overall a secret until the last possible moment in order to generate trade offers.

"What Minnesota plans to do is keep the mystery going all the way until the draft. They want teams to not know who they're drafting because they want to keep those phones ringing all the way until Adam Silver walks up and announces that pick. They want to have a situation where if somebody is trying to trade up for a player at one, two or three, that they don't know what the Wolves are doing and so they're not calling Golden State at two. They have to call No. 1 to make a trade."

The Wolves have most strongly been linked to Anthony Edwards if they keep the pick due to his more logical fit with Karl-Anthony Towns and D'Angelo Russell compared to James Wiseman and LaMelo Ball.

The Golden State Warriors are in a similar position in terms of their interest in trading out of No. 2.

James Wiseman is widely considered a top-3 pick in the 2020 NBA Draft, but he has yet to hear from the Minnesota Timberwolves. The Wolves own the top overall pick ahead of the Golden State Warriors and Charlotte Hornets.

"I haven't [talked to the Timberwolves]," Wiseman said. "But I've been getting a lot of recommendations from them. In terms of talking to them, I haven't."

Wiseman believes the Warriors and Hornets are more favorable to his long-term growth, a source tells ESPN's Jonathan Givony.

"I would feel good, whatever team that picks me, I'm truly grateful for that," Wiseman said, when asked about the possibility that the Timberwolves select him even though the two sides haven't been communicating. "Whatever team that picks me, I'm going to go in there, learn as much as possible, work my tail off, and just want to win."