Thaddeus Young likely to Wolves

Kevin Love and Thaddeus YoungHoward Smith/USA TODAY Sports

The Minnesota Timberwolves reached an agreement in principle Friday to acquire Philadelphia's Thaddeus Young in addition to No. 1 overall draft pick Andrew Wiggins as part of a three-team trade that will send  Kevin Love to the Cavaliers, according to sources with knowledge of the talks.

Sources told on Thursday that the Wolves are already operating under the premise that they are acquiring Young from the Sixers as Love's replacement. reported in July that Wolves president and coach Flip Saunders had pinpointed Young as his preferred successor at power forward to Love, who officially can be dealt to the Cavaliers on Saturday, when the rookie Wiggins becomes eligible to be traded at last.

One source familiar with league rules told that Wiggins becomes eligible to be dealt at 12:01 a.m. Saturday, as soon as the calendar flips to Aug. 23.

Although nothing can be finalized before Saturday, sources said Friday that the Wolves are poised to surrender a future first-round pick along with the expiring contracts of Luc Richard Mbah A Moute and Alexey Shved to the Sixers for Young, who has two seasons left on his deal valued at $19.4 million.

The Wolves, sources said, already have verbally agreed to acquire Wiggins, 2013's No. 1 overall pick Anthony Bennett and a future first-round pick from the Cavs for Love. Minnesota would then have the option of flipping that first-rounder to Philadelphia, along with Mbah A Moute and Shved, for Young.

The Sixers tried to get Bennett as part of the Young transaction, sources said, but Minnesota was determined to keep the second-year forward to be a key piece in its rebuilding effort despite Bennett's disappointing rookie season with Cleveland.

Although the Cavs' 30-day waiting period to move Wiggins ends Saturday, sources told on Thursday that the teams can indeed schedule a trade call with the league that day even though it's a weekend, meaning the Love trade can be completed at the earliest allowable date.

Sources say that news conferences to introduce Love and Wiggins with their respective new teams are unlikely before next week, after the various players involved in the transactions have completed their physicals.