DeMar DeRozan is headed to Chicago on a new three-year, $85million contract after the Bulls and San Antonio Spurs orchestrated a sign-and-trade deal, multiple outlets on reported Tuesday.

The Spurs received Thaddeus Young and Al-Farouq Aminu, who are both on expiring contracts, as well as a future first-round draft pick and two future second-round picks.

DeRozan, who turns 32 later this week, is one of the most consistent scorers in the NBA, averaging at least 20 points per game over each of the last eight seasons.

The 6ft 6in swingman averaged 21.6 points and a career-high 6.9 assists last season for San Antonio while shooting 49.5 percent from the floor.

DeRozan's game, however, has come under scrutiny by some due to his unwillingness to attempt and inability to make three-pointers.

He shot just 22.7 percent from beyond the arc in his three-season tenure with the Spurs.

The move is the latest for Bulls vice president of basketball operations Arturas Karnisovas and general manager Marc Eversley in an effort to end the franchise's four-season playoff drought.

Also joining Chicago will be point guard Lonzo Ball, who received a four-year, $85m contract Monday in a sign-and-trade deal that ended his tenure with the New Orleans Pelicans.

The Bulls also signed restricted free agent guard Alex Caruso after the Los Angeles Lakers declined to match Chicago's four-year, $37m offer.

Chicago were buyers at last season's trade deadline, acquiring former All-Star center Nikola Vucevic from the Orlando Magic, and are making an urgent push to build around Zach LaVine and win their first playoff series since 2015.

Always a dangerous scorer, LaVine achieved new levels of efficiency last season, shooting 50.7 percent from the field and 41.9 percent from three-point range, both career highs.

Chicago was thought to be in the market for a polished player or two this offseason, but many thought the team would need to part ways with a young asset.

But the Bulls' front office was able to add both DeRozan and Ball without giving up Lauri Markkanen, Patrick Williams or Coby White.