FRIDAY, 2:05pm: The Wolves have officially signed Brewer, GM Flip Saunders told reporters today (Twitter link).
I surmised earlier this afternoon that Minnesota would likely use most or all of its mid-level exception to sign Brewer.
WEDNESDAY, 3:48pm: A deal has been struck that will see Corey Brewer join the Timberwolves, according to Marc J. Spears of Yahoo! Sports (via Twitter). It's not 100% certain whether Brewer will sign outright with the T-Wolves or be acquired via sign-and-trade, but the most recent update we heard had Minnesota sending Luke Ridnour to Milwaukee to clear the necessary cap space for Brewer. An earlier report suggested Brewer would receive a three-year, $15MM deal from the Wolves.
Brewer, 27, appeared in all 82 contests with the Nuggets last season, averaging 12.1 PPG, his best rate since his last stint in Minnesota, when he averaged 13.0 PPG in 2009/10. The Happy Walters client also established a new career-high in PER in Denver last season, with a 14.7 mark.
The Nuggets had interest in bringing Brewer back, but the salary he was seeking appeared to be out of the team's price range.