Luol Deng will be reunited with coach Tom Thibodeau as he prepares to join the Timberwolves.
According to The Athletic, Deng has signed a one-year deal worth $2.4 million and is awaiting a physical.
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Deng played on Thibodeau's Bulls teams along with Jimmy Butler, Derrick Rose and Taj Gibson, all of whom are with the Timberwolves now.
The 33-year-old forward spent the last two seasons with the Lakers, but Los Angeles bought out his contract earlier this month to clear cap space.
Deng had signed a four-year, $72 million contract before the 2016-17 season but had fallen out of favor as the Lakers embraced a youth movement. After playing the opener last season, Deng sat the rest of the year.
A two-time All-Star, the 6-9 Deng has averaged 15 points and 6.1 rebounds per game in his career.