The Cavaliers opened trade talks by offering guard Dion Waiters, forward Anthony Bennett and a first-round pick to the Timberwolves in exchange for Love, sources told ESPN The Magazine's Chris Broussard. But the deal won't happen, sources said.
The Timberwolves want No. 1 overall pick Andrew Wiggins in any deal for Love, but the Cavaliers have told the former Kansas star he will not be dealt, sources told Broussard. The Cavaliers might need to find a third team to get a Love deal done without losing Wiggins.
In his Cavaliers debut, Wiggins scored 18 points in a 70-68 Las Vegas Summer League win over the Milwaukee Bucks and the draft's No. 2 pick, Jabari Parker.
"It was a big day," Wiggins said. "We got the win, and we got LeBron back."
Love said during a June 11 appearance on ESPN's "SportsNation" that it "burns me and hurts my heart" that he hasn't made the playoffs in six seasons in the NBA.
But in Cleveland, Love would pair with young point guard Kyrie Irving and four-time MVP LeBron James, who told SI.com on Friday that he is returning to the Cavaliers.
In his last public comments on his future with the Timberwolves on June 11, Love stopped short of confirming that he's determined to opt out of his contract and become an unrestricted free agent in 2015.
"My agent is handling everything at this point. ... I'm hoping that everything works out for all parties involved," Love said.
The 25-year-old Love, a three-time All-Star and former rebounding champion, averaged 26.1 points and 12.5 rebounds last season.
The Timberwolves and Golden State Warriors discussed a trade involving Love up until the NBA draft June 26, but a deal didn't materialize.
After it initially appeared the Warriors were prepared to part with shooting guard Klay Thompson in order to land Love, sources told ESPN.com that Hall of Fame consultant Jerry West and new Warriors coach Steve Kerr voiced opposition to surrendering both Thompson and a future first-round pick to the Timberwolves, along with former All-Star forward David Lee, for Love and Wolves guard Kevin Martin.
Will Love Commit To LeBron-Led Cavs?
Chris Broussard, Marc Stein and P.J. Carlesimo discuss Kevin Love's reported intrigue in the Cavaliers now that LeBron James is returning to the team.