The Rockets have come to a "basic agreement" with Argentine star Luis Scola, less than 24 hours after acquiring his draft rights from the San Antonio Spurs, the Houston Chronicle is reporting.

"We're working on the contract, but we've got a basic agreement, an understanding," George Bass, Scola's agent said Friday.

"He's actually taking the physical right now in Argentina."

The Rockets traded guard Vassilis Spanoulis, a 2009 second-round draft pick and cash to the Spurs for the rights to Scola and center Jackie Butler.

Scola is expected to sign a three-year deal worth roughly $10 million.

"He's so excited, he probably didn't sleep a wink last night." Bass said.

"He's thrilled, this has been his dream for five years."