Okafor missed all of last season after suffering a herniated disc in his neck.
It was believed Okafor would be available at some point this season, but he is considering waiting until this summer to commit to joining a new team, the report says.
Okafor is reportedly "healthy," but could opt to take more time to work on his strength and conditioning and is "reluctant to rush back" this season, according to the report.
Over 79 games in 2012-13, Okafor averaged 9.7 points, 8.8 rebounds and one block per game. The 32-year-old has had stints with the Wizards, Hornets and Bobcats since being selected No. 2 overall in the 2004 draft.