The Timberwolves are interested in forward Rudy Gay, sources told HoopsWorld.

Gay, who turned down a contract extension with the Grizzlies this past offseason, is set to become a restricted free agent after the season.

"I think he's going to regret that," the source said of Gay turning down a lucrative extension with Memphis. "I don't see how he gets more than that on the open market next summer."