It looks like perhaps Chris Wilcox will remain in Seattle after all.

According to the Seattle Times, the Sonics may be nearing an end to negotiations with Chris Wilcox on a three-year, $24 million proposal from his Washington, D.C.-based agent Jeff Fried.

According to a team source, an agreement is imminent, with at least one of the team's new owners, G. Edward Evans, planning to return to Seattle this week, possibly for the announcement.

However, Fried and Sonics general manager Rick Sund said on Saturday that speculation that the deal is completed is premature.

"Nothing has been finalized," Fried said. "We want to conclude [contract talks] as soon as possible so Chris can get with a team and begin preparing for the season."

The Seattle Times also speculate that trade proposals from at least three teams still on the table for Wilcox.