The Rockets traded Ryan Anderson to the Suns in a four-player deal Thursday, reports ESPN's Adrian Wojnarowski.
De'Anthony Melton was also sent to Phoenix in exchange for Marquese Chriss and Brandon Knight.
Last season, Anderson averaged 9.3 points and five rebounds per game. The 30-year-old signed a four-year deal with the Rockets in 2016 worth $80 million.
Melton was selected by the Rockets in the second round of the 2018 NBA draft.
The 21-year-old Chriss averaged 7.7 points and 5.5 rebounds per game last season. Knight averaged 11 points and 2.4 assists along with 2.