- Jun 29, 2022 - The Minnesota Timberwolves exercised their Team Option to extend the contract of Naz Reid.
- Jun 29, 2022 - The Minnesota Timberwolves tendered a Qualifying Offer to make Nathan Knight a Restricted FA.
- Jun 29, 2022 - The Minnesota Timberwolves exercised their Team Option to extend the contract of Jaylen Nowell.
- Jun 24, 2022 - The draft rights to Wendell Moore, Jr. was acquired by the Minnesota Timberwolves from the Houston Rockets in exchange for: the draft rights to TyTy Washington, Jr., a 2025 2nd round pick (MIN own) and a 2027 2nd round pick (MIN own).
- Jun 24, 2022 - The draft rights to Bryce McGowens was acquired by the Charlotte Hornets from the Minnesota Timberwolves in exchange for: the draft rights to Josh Minott and a 2023 2nd round pick (NYK own).
- Jun 24, 2022 - The draft rights to Walker Kessler and the draft rights to TyTy Washington, Jr. were acquired by the Minnesota Timberwolves from the Memphis Grizzlies in exchange for: the draft rights to Jake LaRavia and a 2023 2nd round pick (MIN own).
- Jun 23, 2022 - The Minnesota Timberwolves selected Kendall Brown in Round 2 with Pick 18 in the 2022 NBA Draft.
- Jun 23, 2022 - The Minnesota Timberwolves selected Jake LaRavia in Round 1 with Pick 19 in the 2022 NBA Draft.
- Jun 23, 2022 - The Minnesota Timberwolves selected Bryce McGowens in Round 2 with Pick 10 in the 2022 NBA Draft.
- Jun 23, 2022 - The Minnesota Timberwolves selected Matteo Spagnolo in Round 2 with Pick 20 in the 2022 NBA Draft.