Two-time All-Star Nikola Vucevic is being traded from the Orlando Magic to the Chicago Bulls in Thursday's first big deal ahead of the deadline.
The Magic were expected to be involved in developments prior to the trade deadline – at 15:00 ET (19:00 GMT) – as numerous teams reportedly show an interest in Aaron Gordon.
But star five Vucevic will be the first to depart as Orlando appear to acknowledge they are now focusing on a rebuild, with Evan Fournier following to the Boston Celtics.
ESPN's Adrian Wojnarowski said the Magic were sending Vucevic and Al-Farouq Aminu to Chicago for Otto Porter Jr., Wendell Carter Jr. and first-round picks in 2021 and 2023.
The Celtics sent two second-round selections for Fournier, the report said.
Orlando are 14th in the East with a 15-26 record while the Bulls occupy 10th, the final play-in spot, at 19-24.
Vucevic was selected by the Philadelphia 76ers in the first round of the 2011 draft but was traded to the Magic after his first season in the NBA, having scored just 5.5 points per game in only 15.9 minutes.
The center has since turned into a reliable performer in the league, though, averaging 16.7 points and 10.3 rebounds across his career.
Vucevic was selected for the All-Star Game in 2019, when he passed 20 points per game for the first time over a season (20.8), and again this year.
The 30-year-old leads Orlando with 24.5 points and 11.8 rebounds, starting all 44 of their games.
He ranks 17th in the league for scoring, but none of the players above him in that list can match the Montenegrin for boards.
With wing Fournier also departing, having chipped in with 19.7 points, the Magic are losing their two leading scorers.
Forward Aminu had also been starting for the team, averaging 5.5 points, 5.4 rebounds and 1.0 steals in 21.6 minutes in 2020-21.
Meanwhile, former Washington Wizards forward Porter leaves Chicago having played the same number of minutes per game this year, contributing 9.9 points and 5.5 boards.
Third-year center Carter had 25 starts in 32 appearances for the Bulls this season and was the team's leading rebounder (7.8) and fifth-highest scorer (10.9).
Chicago may not yet be done, with ESPN's report adding details of their continued interest in the New Orleans Pelicans' Lonzo Ball.