Steve Ballmer is in "advanced negotiations" to purchase The Forum in Inglewood, California, from the Madison Square Group, league sources told Kevin Arnovitz of ESPN.
Ballmer and the Clippers are reportedly looking to build a stadium in the area.
"The Clippers continue to pursue plans to build a state-of-the-art, 18,000-seat basketball arena and entertainment complex in Inglewood and are currently working with the city to successfully complete the comprehensive Environmental Impact Report. We are examining every possible way to resolve our differences with Madison Square Garden Co. regarding our new arena," released the team in a statement.
MSG has been in a lengthy legal battle with Ballmer and the Clippers, alleging that Inglewood agreed to not promote competition to The Forum by helping the Clippers build a new stadium nearby.
MSG has three active lawsuits in the battle against the Clippers building a new stadium in Inglewood.
Sources say that a sale of The Forum is the path of least resistance for all sides involved, and that a sale is imminent.