The Cleveland Cavaliers are prepared to offer Greg Oden a two-year contract with a team option for a third year after the trade deadline, according to a league source.

Oden’s agent, Mike Conley Sr., confirmed Oden has met with the Cavaliers previously, but was evasive when pressed as to what capacity.

“Greg has been up there [to Cleveland] before and he’ll probably be up there again in an official capacity,” Conley said Friday.

The Cavaliers have about $4 million in cap space, which they are preserving for potential trades