Memphis and Minnesota are said to be negotiating a deal involving Chase Budinger and JJ Barea. Per Yahoo!:

Memphis wants to include forward Tayshaun Prince into the package and the deal could be expanded to include guard Tony Allen, league sources said. Components of a proposed deal are still fluid.

Minnesota general manager Flip Saunders is believed to want to add defensive toughness to his roster, and that would make Allen a natural to fill the Wolves’ void.