New Grizzlies general manager Chris Wallace has traveled to Argentina to woo Bulls free agent Andres Nocioni, whose intense style would fill voids on the court and the team's salary-cap room off it.

League sources said the Grizzlies have yet to present Nocioni, 27, with an offer sheet. As one of the few teams with salary-cap space, the Grizzlies theoretically could present a five-year deal worth anywhere from $40 million and $46 million.

Those figures could be a severe test for the financial plan of Bulls GM John Paxson, who also must consider long-term contract extensions for Luol Deng and Ben Gordon. This fact is said to have made Nocioni's restricted status look vulnerable to Wallace.

A league source said the Bulls officially have made Nocioni a contract offer, a show of respect consistent with Paxson's above-the-board negotiating style.