The New York Knicks would still like to acquire Donovan Mitchell from the Utah Jazz. Thus, far New York has failed to meet Utah's significant asking price for the All-Star guard.
The Knicks offered Evan Fournier, Obi Toppin and two unprotected first round picks (as part of a five-pick package) to the Jazz for Mitchell. That offer was declined, as it's well below what Danny Ainge has been pushing for in a Mitchell deal.
The Jazz are known to be looking for a package of young players, as well as multiple first round picks in exchange for Mitchell. The Knicks would very likely have to include Fournier or Derrick Rose in a trade for Mitchell, as they would be required for salary-matching purposes. The holdup from there becomes how many picks New York will include in a deal and which young players out of the group of Toppin, RJ Barrett, Quentin Grimes and Immanuel Quickley.