The Charlotte Hornets, Chicago Bulls and Orlando Magic have agreed upon a three-team trade.

The Hornets will trade Timofey Mozgov to the Magic and Julyan Stone to the Bulls. Bismack Biyombo will be moved from the Magic to the Hornets. Biyombo began his career with Charlotte.

Orlando will also acquire Jerian Grant.

The Hornets acquired Mozgov in the Dwight Howard trade.

If Chicago waives Stone, the trade clears Grant and creates a $2.6 million trade exception, according to Albert Nahmad. The Bulls have up to $29 million in cap room before LaVine is officially matched if Sean Kilpatrick and Paul Zipser are waived.