John Wall will exercise his player option worth $47.4 million for the upcoming season, sources told Adrian Wojnarowski of ESPN.

The Rockets will continue to seek out a trade for Wall, but are also looking to work with Wall on a buyout if a trade can't be found.

Wall has frequently been mentioned in trade rumors involving Russell Westbrook, though the Rockets would only agree to the trade if the Lakers included extra draft compensation.

The 31-year-old has not played since the 2020-21 season.