Free agent forward/center Moe Wagner has agreed to a one-year, $5 million deal to return to the Orlando Magic, sources told ESPN.
Wagner's agent, Jason Glushon, reached the new contract with Magic executives Friday.
The Magic had declined Wagner's $11 million team option earlier this summer, making him a free agent.
Wagner, 28, who sustained a torn ACL in December, was averaging a career-high 12.9 points per game while shooting 56.2% from the field and a career-best 36% from 3 before the injury.
Through his 30 games, Wagner had emerged as a Sixth Man of the Year candidate and was leading the NBA in points among players to average under 20 minutes, according to ESPN Research.