The Toronto Raptors and New York Knicks are discussing a trade involving Kyle Lowry.

Lowry is on an expiring contract and doesn't figure to be part of the Raptors' long-term plans.

Adrian Wojnarowski of Yahoo! reports that the Knicks also had interest in Andre Miller, but are now focusing on dealing for Lowry. Wojnarowski also reports that the deal would center around Raymond Felton, Metta World Peace and a 2018 first round pick.

Frank Isola of the New York Daily News reports that the Brooklyn Nets and Golden State Warriors are also interested in Lowry.

Chris Broussard of ESPN reports that the Knicks are attempting to avoid giving up a first round pick. Stein reports that the Raptors are insisting on a first round pick since Felton represents taking on long-term money. The Raptors seek at least two pieces among Iman Shumpert, Tim Hardaway Jr. and a first round pick.