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Report: American Athletic Conference close to hosting first tournament in Memphis

Memphis will reportedly host the first American Athletic Conference men's basketball tournament. (Photo by the Associated Press)

Memphis will reportedly host  the first American Athletic Conference men's basketball tournament. (Photo by the Associated Press)

The newly formed American Athletic Conference has its sights set on Memphis to hold the conference's first men's basketball tournament, reports CBSSports.com.

AAC commissioner Mike Aresco visited FedExForum on Wednesday and is set to announce "sooner rather than later" that the FedEx Forum, home of the Memphis Tigers and Memphis Grizzlies, will host the tournament, according to the report.

The tournament dates are expected to be March 13-15.