The Phoenix Suns have been active in attempting to trade for an established point guard.

According to John Gambadoro, the Suns have made inquiries on Damian Lillard, Kemba Walker and Terry Rozier.

Walker and Rozier both project to be free agents in 2019. Rozier's future is likely tied to what Kyrie Irving decides to do in his own free agency with the Boston Celtics.

The Suns traded away Brandon Knight this week in a deal for Ryan Anderson.

Ryan Anderson agreed to reduce the guarantee on his $21 million salary for the 19-20 season from $21 million to $15.6 million as part of the Houston Rockets' trade of him to the Phoenix Suns.

For the Suns, the $15.6M represents Brandon Knight's salary for the 2019-20 season.

The Suns will have to decide by July 10, 2019 on guaranteeing the full amount for the final season of Anderson's contract, or they can waive him and owe him the $15.6 million. 

Anderson could recoup some of that money if he's waived as teams enter 2019 with more cap space.

The Houston Rockets have traded Ryan Anderson and De'Anthony Melton to the Phoenix Suns for Marquese Chriss and Brandon Knight.

Houston had been attempting to trade Anderson for more than a year. Anderson is owed $41 million over the final two years of his contract compared to two years and $30 million for Knight.

Knight missed last season due to a torn ACL.

Anderson could conceivably start at power forward for the Suns.

The Phoenix Suns have re-signed point guard Isaiah Canaan.

An NBA veteran with five seasons of experience, Canaan played in 19 games with the Suns in 2017-18, averaging 9.1 points and 4.0 assists in 22.0 minutes. He initially signed with the Suns on December 13 and recorded 10 games scoring in double digits with Phoenix, including a season-high 17 points in a win at Dallas on December 18. On January 31, Canaan sustained a fractured left ankle in the first quarter against the Mavericks before undergoing surgery in Phoenix on February 1.