Live Updates of Giannis, Timberwolves Rumors on Trade Deadline Day

Tracking all of the reports and rumors ahead of Thursday's trade deadline.

Jan 19, 2022; Milwaukee, Wisconsin, USA; Memphis Grizzlies guard Ja Morant (12) drives for a shot against Milwaukee Bucks forward Giannis Antetokounmpo (34) during the second quarter at Fiserv Forum. Mandatory Credit: Jeff Hanisch-Imagn Images | Jeff Hanisch-Imagn Images

The NBA trade deadline hits at 2 p.m. CT, and the Minnesota Timberwolves are still in the thick of rumors connected to Giannis Antetokounmpo. Follow along for updates.

9:55 a.m. — Wolves have 'moved on' from Giannis

“Minnesota, who was also very aggressively trying to get Giannis, they have moved on," Brian Windhorst said.

You can tell that Minnesota and Golden State think that they are not getting Giannis today. The Miami Heat are still out there, and the Heat, the last I heard, were still trying to make moves to improve their offer that they can make to Milwaukee. They have an offer that is sort of a blend of players and draft picks."

Windhorst added that "teams in the league believe that it is most likely that Giannis stays put."

Brian Windhorst says the belief is the Timberwolves are out on Giannis and Miami is still trying to improve their offer

“Minnesota and GS think they aren’t getting Giannis today. The Miami Heat are still out there the last I heard trying to make moves to improve their offer to… pic.twitter.com/EJaaXGebWB

— Heat Central (@HeatCulture13) February 5, 2026

9:05 a.m. — Wolves trade for Bulls guard Ayo Dosunmu

Minnesota is trading Rob Dillingham, Leonard Miller, and four second-round picks to Chicago for Dosunmu and 6'6'' small forward Julian Phillips. Dosunmu instantly becomes a starting-caliber guard or an off-the-bench option that allows the Wolves to maintain the current starting lineup.

Dosumu is averaging 15 points, 3 rebounds, and 3.6 assists in 45 games this season, while shooting 51.4% overall and 45.1% from three-point range. He is making $7.5 million this season and is due to become a free agent this summer.

Read more here.

8:51 a.m. — Fischer says Wolves still in on Giannis, but chances dwindling

The Wolves and Heat, sources say, still believe they are in play for landing Giannis Antetokounmpo today, although like the Warriors, few believe Milwaukee is actually serious about parting ways with their franchise face. I’m still being told the Bucks are engaged with the…

— Jake Fischer (@JakeLFischer) February 5, 2026

8:45 a.m. — Windhorst thinks Giannis trade chances are decreasing

Speaking on ESPN, Brian Windhorst said he thinks there's a 60% chance that Milwaukee waits to trade Giannis until the summer. He also indicated that Miami is the only team with a real shot to land Giannis today, saying that Minnesota's offer, which hasn't been publicized, wasn't as good as the offer Golden State had on the table. Golden State has since moved on from Giannis.

“I’ve been at 51-49 against a trade. I’m now at 60-40," Windhorst said. "Minnesota is still out there, but I’ll be honest with you, I don’t think Minnesota's offer was as good as Golden State's, and if Golden State's offer wasn’t good enough, I don’t think Minnesota is realistic."