The New York Knicks are keeping an eye on the trade market should a star player become available, according to Shams Charania of FanDuel TV. 

"They're monitoring the marketplace. They want to see if there's a star player available that they would go all in for. 

"They have eight first-round draft picks...they've kept a lot of their assets, they have a ton of tradeable contracts as well. They have a couple young players. They have guys like Quentin Grimes, Immanuel Quickley, so they've got pieces. If they want to go make an aggressive bid for a superstar player, I think they have what it takes," said Charania.

Ian Begley of SNY reported that the team are not engaged in discussions for either Zach LaVine or DeMar DeRozan. 

Grimes recently discussed his lack of shooting rhythm after shooting 35.9% from the field this year.