According to the report, the team will also use the stretch provision on both players to spread their salary cap hit over the next five years.
Delfino, 31, missed all of last season with a foot injury after signing a three-year, $9.8 million deal with the Bucks, and could miss part of the 2014-15 with the same injury. He last appeared for the Houston Rockets in 2012-13, averaging 10.6 points and 3.3 rebounds.
Raduljica, 26, signed a three-year, $4.6 million contract as an undrafted free agent last summer. He averaged 3.8 points and 2.3 rebounds in 48 games for the Bucks last season.
Los Angeles went 57-25 last season and was eliminated in the second round of the NBA playoffs.
- Ben Estes