Kevin Durant is set to stay with the Brooklyn Nets after franchise and the 12-time NBA All-Star "agreed to move forward with our partnership".
Durant's future has been shrouded in doubt after the 33-year-old superstar reportedly asked for a trade at the end of June.
Nets general manager Sean Marks on Tuesday released a statement making it clear Durant is going nowhere after a meeting in which team owners Joe Tsai and Clara Wu Tsai, and head coach Steve Kerr, were present.
"Steve Nash and I, together with Joe Tsai and Clara Wu Tsai, met with Kevin Durant and Rich Kleiman in Los Angeles yesterday," the statement said.
"We have agreed to move forward with our partnership. We are focusing on basketball, with one collective goal in mind: build a lasting franchise to bring a championship to Brooklyn."