Chris Paul will reportedly re-sign with the Rockets on a four-year, $160 million contract, according to ESPN's Adrian Wojnarowski.
Shortly after the deal was announced, Paul took to Twitter to confirm the news.
In 58 games last season, Paul averaged 18.6 points with 5.4 rebounds and 7.9 assists.
The point guard, 33, is a nine-time All-Star and helped lead the Rockets to the best record in the NBA last season (65-17). The Rockets lost to the Warriors in Game 7 of the Western Conference finals.
Paul was traded from the Clippers to the Rockets last summer in a blockbuster trade that sent seven players and a 2018 first-round draft pick to Los Angeles in exchange for Paul.