The Mavericks watched the rival Spurs make a significant move on Tuesday, and have been working the phones themselves.
Dallas had what president Donnie Nelson called a "fairly active" Monday and Tuesday. They are expected to try to use Jerry Stackhouse's contract in a deal.
Stackhouse is due $7 million next season, but his contract can be bought out for just $2 million.
"There's a chance we could do something around the draft and probably an equal chance we would just carry it into July when a lot of the bigger deals are going to be discussed," Nelson said.
"We don't feel any outward sense of urgency because somebody else is doing something. But when it's right, we'll squeeze the trigger."