The Knicks are reportedly still discussing a deal with the Grizzlies that would send forward Zach Randolph to Memphis, according to Newsday.
Such a move would give New York the salary cap room needed to make a play on the free agent market in 2010.
Earlier this summer, a deal between the Grizzlies and Knicks was rumored to be on the table, with Darko Milicic reportedly a part of the package New York would receive.