Tuesday 8:48pm: According to Adrian Wojnarowski, Anthony Davis will report to Las Vegas next week despite his ankle injury.
Monday 12:23pm: A source that spoke to Jimmy Smith of the New Orleans Times-Picayune classified Davis' ankle sprain as "light" and said it could sideline the big man for a week or two. Talking to SI.com's Sam Amick, Colangelo continued not to rule out Davis for the London games until he has more information.
"Just getting a report that his ankle is serious doesn't mean anything to me until we get an official doctor's report on what that means," Colangelo said. "Does it mean he can't practice for a week? Does it mean he's out for a month? You know what I'm saying. I don't like to speculate."
11:54am: With a number of big men unable to play in this summer's Olympics for Team USA, Anthony Davis appeared to have a reasonable chance to make the 12-man squad. However, that chance may have disappeared, as Adrian Wojnarowski of Yahoo! Sports reports (via Twitter) that Davis suffered a severely sprained ankle in a workout with the Hornets. The injury means this year's first overall pick is "almost assuredly" unable to play in the Olympics.
Team USA chairman Jerry Colangelo doesn't have much intel on Davis' injury yet, as he tells Sam Amick of SI.com: "I heard that Anthony Davis sprained his ankle yesterday but I don't know how serious it is. It was in a workout. I'm not going to worry about that unless I'm advised at this point."
LaMarcus Aldridge and Chris Bosh recently withdrew from Olympic consideration, and the U.S. will be without Dwight Howard as well. Davis was prepared to try out for the team this week, along with Blake Griffin, and Lamar Odom. If Davis is out of the running, the odds of Griffin and/or Odom making the squad look good.