The Memphis Grizzlies are holding trade talks with several teams concerning the No. 4 overall pick and Chandler Parsons.

Parsons' contract is considered an albatross due to his ongoing knee issues. Parsons is owed $49.2 million over the next two seasons.

The Grizzlies would like to trade back rather than trading out of the lottery altogether. 

The Dallas Mavericks, Orlando Magic, Chicago Bulls, New York Knicks, Denver Nuggets, Boston Celtics and Los Angeles Clippers have each showed varying degrees of interest in a deal.

The Grizzlies are high on Wendell Carter Jr., but he's currently projected to be a top-7 pick.