9:55pm: According to Orlando Sentinel reporter Joshua Robbins, any deal involving Afflalo and Bledsoe is not imminent.
7:56pm: The Clippers and Magic are further discussing a trade that could happen on or before draft day that would send Arron Afflalo, Andrew Nicholson, and a draft pick to Los Angeles for Eric Bledsoe and Caron Butler, according to ESPN.com's Chad Ford, Ramona Shelburne, and Marc Stein.
Those are the pieces believed to be involved in current talks, but there are still a variety of alternatives, with Bledsoe and Afflalo being the two main figures.
Now that Doc Rivers has become the Clippers head coach, assuring Chris Paul will re-sign for five more years, Bledsoe is no longer needed as insurance. He's still incredibly talented and would help the Clippers in the short term, but the Magic are one of a half dozen teams pursuing Bledsoe's services.
It'd be wise for Los Angeles to cash out on their asset before he hits restricted free agency, maximizing their return to fill a larger need.