Timberwolves Free Agency Tracker: Latest News, Rumors, Speculation

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NBA free agency is officially underway. While the Wolves don't have a ton of space to operate, there are still some holes on the roster that need filling, notably at power forward. Here is the latest news, speculation, and rumors regarding the Timberwolves' offseason pursuit.
Thursday 4:00 p.m. — Anderson not sticking around
A lot of people may have assumed Kyle Anderson would be back this season. However, he has signed a one-year deal to join the Toronto Raptors. Minnesota will now have to continue looking elsewhere for veteran depth to fill out their roster.
Free agent forward Kyle Anderson has agreed to a one-year, $3.9 million deal with the Toronto Raptors, sources tell ESPN. Anderson enters his 13th NBA season providing depth to the Raptors roster, and reunites with former San Antonio teammate Kawhi Leonard. pic.twitter.com/X7LZcV9WyB
— Shams Charania (@ShamsCharania) July 2, 2026
9:46 a.m. — Conley departs after three-plus years
Mike Conley is headed elsewhere for his 20th NBA season. The veteran point guard is signing a one-year deal with the Celtics, per Shams Charania.
Free agent guard Mike Conley Jr. has agreed to a one-year deal to sign with the Boston Celtics, sources tell ESPN. Conley becomes only the 14th player in NBA history to reach 20 seasons. pic.twitter.com/RjZT8jhTzm
— Shams Charania (@ShamsCharania) July 1, 2026
Conley, who came to the Wolves in the outstanding February 2023 deal that also brought them Nickeil Alexander-Walker and sent D'Angelo Russell out, started 179 of the 225 games he played for Minnesota, as well as 40 of 47 playoff games. He was a key player for the Wolves in his first couple seasons before seeing his effectiveness slip in 2024-25 and then fall off almost entirely last season, when he shot just 33.5 percent from the field.
One of the most respected veteran players in the NBA, Conley's tenure in Minnesota should be remembered fondly, even if Chris Finch stubbornly continued to play him last season despite his immense struggles. It'll be interesting to see what kind of role, if any, he has next season in Boston.
7:30 a.m. – Pistons expected to sign power forward target
John Collins was one of many power forward options listed as a potential target for the Wolves this offseason. He's expected to sign a three-year, $51 million deal with Detroit, which would've been significant out of Minnesota's price range.
Free agent John Collins has agreed to a three-year, $51 million deal to sign with the Detroit Pistons, sources tell ESPN. Frontcourt addition and a new lob threat for Cade Cunningham in Detroit. pic.twitter.com/kYZlpHVcDz
— Shams Charania (@ShamsCharania) July 1, 2026
Wednesday 7:15 a.m. – Lakers likely to snag free agent previously linked to Wolves
Sandro Mamukelashvili, one of the possible answers suggested for the Wolves to fill its hole at power forward after trading Julian Randle and Naz Reid, appears to be heading to the Lakers.
That's according to NBA insider Marc Stein, who says "the growing anticipation leaguewide" is that he's bound for L.A.
The growing anticipation leaguewide is that the Lakers ultimately secure commitments on new contracts from Toronto free agent Sandro Mamukelashvili and Philadelphia free agent Quentin Grimes while still pursuing their top summer target: Utah restricted free agent Walker Kessler. https://t.co/pYMRcSyvrn
— Marc Stein (@TheSteinLine) July 1, 2026
Tuesday 9:40 p.m. – Timberwolves were in on Kawhi Leonard
It's too late now since he was traded to the Toronto Raptors, but news is emerging that the Timberwolves were among the teams that had a look at making the deal for the star.
That's according to ESPN insider Sham's Charania, who said Timberwolves and Detroit Pistons were amongst the multiple teams who had looked into a possible trade for Leonard but were "rebuffed" by the star.
Leonard had one year left on his $50 million-a-year deal in LA, with Charania saying this gave him greater control over where he would land, and he preferred a return to Toronto due to his familiarity with the organization and his desire to retire as a Raptor, where he won an NBA championship in 2019.
The Raptors ended up giving up two first-round draft picks, two second-round picks, a pick swap as well as Brandon Ingram and Gradey Dick – a price that the Timberwolves almost certainly would not have been able to match.
Tuesday 6:00 p.m. – LeBron steam feverishly continues
Look, it's improbable, we know it's improbable, the Timberwolves world knows its improbable, but still...the early LeBron James steam continues to include Minnesota among its possible destinations.
The Athletic's Wolves insider Jon Krawczynski has made his pitch to Athletic readers for why he should come to Minnesota, once again acknowledging that it's a "HIGHLY unlikely scenario."
Meanwhile, KSTP sports reporter Darren Wolfson has suggested that efforts have been and are being made by the Wolves to attract James.
Efforts made/being made...
— Darren Wolfson (@DWolfsonKSTP) June 30, 2026
5:23 p.m. — Bones Hyland returning
Bones Hyland is returning to Minnesota, according to The Athletic's Jon Krawczynski.
Hyland played a crucial role for Minnesota off the bench last season, averaging 8.5 points, 2.6 assists, and 1.8 rebounds in 16.6 minutes per game. Hyland appeared in 71 games, starting three for the Wolves last season.
Bones Hyland has agreed to return to the Minnesota Timberwolves next season, sources told @TheAthletic. Hyland established himself as a rotation player, teaming with Ayo Dosunmu in the "Twin Turbos" backcourt.
— Jon Krawczynski (@JonKrawczynski) June 30, 2026
4:30 p.m. — Timberwolves have interest in LeBron
The story of the day has been that the league's all-time leading scorer LeBron James is leaving the Lakers after eight seasons. So where is he going next?
The Athletic's Sam Amick reported Tuesday afternoon that the Timberwolves "are known to have interest if he felt like shocking the basketball world with that sort of move."
Even at 41, LeBron signing with the Timberwolves would certainly be one of the most shocking developments in Minnesota sports history. However, Wolves insider Jon Krawczynski already shot down the idea earlier on Tuesday, writing on X, "He won't come here, but he should come here."
The presumptive favorite to land James' talents are the Golden State Warriors. However, Amick noted that the Warriors "do not appear to have clarity yet regarding James' plans." Amick added that Cleveland and Miami are also often cited as potential landing spots for the future Hall of Famer.
Why wouldn't LeBron come to the Wolves? pic.twitter.com/TwdUYesifl
— Bring Me The Sports (@BMTNSports) June 30, 2026
11:06 a.m. — How much do the Wolves have to spend?
With free agency approaching, how much do the Wolves have to spend? Not a lot. The trade for LaMelo Ball certainly changed how much money Minnesota has to play with this summer. According to league insider Bobby Marks, the Timberwolves are one of seven teams that can offer only veteran minimum deals.
— Bobby Marks (@BobbyMarks42) June 30, 2026

Jonathan Harrison is a Minnesota-based sports writer and radio host who contributes to Bring Me The News and Sports Illustrated's On SI network. Primarily serving as video host and editor for Bring Me The News, Jonathan also covers the Vikings, Twins, Timberwolves and Gophers. He can also be heard on 1500 ESPN in the Twin Cities during the MLS season, where he serves as host and analyst for Minnesota United radio broadcasts.