6:23pm: The Lakers have officially signed Nelson, according to Mike Trudell of Lakers.com (via Twitter).
8:47am: Reeves Nelson is set to sign a one-year, non-guaranteed deal with the Lakers, the forward tells Baxter Holmes of the Los Angeles Times. The UCLA product will go to training camp with the club after he inks the deal, which could potentially be worth about $700K.
Nelson auditioned for the Lakers prior to the 2012 draft and has been working out at the club's practice facility in El Segundo for the last three weeks. The 6'8" forward was once considered to be a potential first-round pick but saw his college career unravel before he was ultimately dismissed by the Bruins. Nelson hooked on with Lithuanian team BC Zalgiris for a five week stretch before being released.