The Nets are reportedly finalizing trades with the Bulls and Pelicans to bring second-year point guard Marquis Teague to Brooklyn, according to Yahoo. The Nets would send Tornike Shengelia to the Bulls for Teague and, in a separate trade, send second-year point guard Tyshawn Taylor and cash to the Pelicans for a conditional second-round draft pick:

The Chicago Bulls have reached an agreement in principle to send former first-round draft pick Marquis Teague to the Brooklyn Nets for Toko Shengelia, league sources told Yahoo Sports.

The Nets also reached an agreement to send guard Tyshawn Taylor and cash to the New Orleans Pelicans for a conditional future draft pick, sources said.

Both trades are likely to be completed on Tuesday.