Timberwolves owner Glen Taylor recently entered in an exclusivity agreement with former Grizzlies minority owner Daniel E. Straus to sell the Wolves and Lynx, according to reports from The Athletic and KSTP.
That exclusivity agreement expired last week, but The Athletic reported the sides are engaged in advanced talks.
Straus is the latest name to emerge in Taylor’s quest to find a buyer for the team. Former Timberwolves star Kevin Garnett expressed interest in buying the team as part of a group, as did former NBA forward Arron Afflalo, who was affiliated with investors. The Wilf family, which also owns the Vikings, also engaged in talks with Taylor.