The Milwaukee Bucks have acquired J.J. Redick from the Orlando Magic, according to a source.

The Bucks had also been pursuing a trade for Josh Smith, but are out of those talks.

The Bucks will send Doron Lamb, Tobias Harris and Beno Udrih to the Magic.

Orlando will send Gustavo Ayon and Ish Smith, along with Redick, to Milwaukee.

In a related but separate trade, Hakim Warrick going to the Magic from the Charlotte Bobcats for Josh McRoberts.

The Indiana Pacers are unwilling to give up a first round pick in exchange for J.J. Redick.

Redick remains available, with the Pacers, Bulls and Spurs among the candidates for his services.

The Pacers are reportedly amenable to a minor trade involving Gerald Green, D.J. Augustin or Tyler Hansbrough.

The Orlando Magic have deals on the table for J.J. Redick that will net the team a first round pick, according to sources.

The offers have all come from teams likely to draft in the twenties.

The Indiana Pacers, Chicago Bulls and San Antonio Spurs are all likely to be amongst the teams with the ten best regular season records.

The Milwaukee Bucks, Boston Celtics and Detroit Pistons have also been interested in Redick.

The San Antonio Spurs have joined the long list of teams interested in J.J. Redick.

The Chicago Bulls, Milwaukee Bucks, Indiana Pacers and Boston Celtics have also been linked to Redick.

Redick will be a free agent this offseason and the Orlando Magic are seeking a first round pick for him.

J.J. Redick will be looking for a four-year, $40 millon contract on the free agent market, according to sources.

Redick is unlikely to get a deal that hits $10 million annually, but teams with interest in dealing for him contend a $7 million per season amount is likely.

The Pacers, Bucks, Bulls and Wolves have been interested in Redick.

The Magic are willing to re-sign Redick at a deal at approximately $5 million per season.

Donte Greene has been cleared to play after recovering from a fractured ankle.

Greene has received interest from the Nets, Pacers, Hornets, Spurs, Bulls, Knicks, Magic, Rockets and Cavaliers.

Greene was expected to sign with the Nets before his injury.

The Orlando Magic have offered J.J. Redick to the Milwaukee Bucks for Luc Mbah a Moute and a first round pick, according to sources.

The Bucks would only trade for Redick if they can find a deal involving Monta Ellis.

Redick will be a free agent in the offseason.

As one of the best shooters in the NBA, J.J. Redick wanted an invitation to the three-point shootout during NBA All-Star weekend, but the Orlando Magic guard didn't receive one and is unsure about the criteria used to select participants.

"I guess it's just completely random," Redick said. "I know they want to have a mix of All-Stars and non-All-Stars. That's what I've heard. Maybe one day I'll be in it."

Another knock-down shooter, Kyle Korver, also is not clear about the NBA's premise on picking players for the competition.

"I have no idea [what the criteria are]," said Korver, who would not have accepted even if he was invited. "I'm not sure if there is any."

Hedo Turkoglu has been suspended 20 games for violating the NBA's drug policy.

Turkoglu was shown to have methenolone in his system, which is a type of anabolic steroid.

Brandon Jennings has "irreconcilable differences" with the Milwaukee Bucks, according to one source. 

Jennings is frustrated that he was unable to come to terms with the Bucks on a long-term extension, according to sources.

Jennings is also interested in playing in a bigger market.

The Bucks would be able to match any offer sheet Jennings signs this offseason should they not trade him.

Jennings recently changed agents and either wants to be traded before the deadline, or to sign an offer sheet with a rival team in the summer that is difficult for the Bucks to match.

The Dallas Mavericks, Orlando Magic and Atlanta Hawks are viewed as the three most likely destinations for Jennings.

Jennings refuted the report in comments to ESPN's Chris Broussard.

"That is not true," said Jennings. "That stuff never came out of my mouth."