Now that the Hawks have matched Milwaukee's offer sheet for Jeff Teague, the Bucks are back in the market for a point guard, and the best one available remains under team control. However, according to Sean Deveney of the Sporting News, Brandon Jennings isn't interested in returning to Milwaukee to play for the Bucks next season.
There have been signals in the past that Jennings isn't enthusiastic about a long-term stay in Milwaukee, based on various comments he has made over the last couple years. It's possible he'd change his tune if he received a lucrative four-year offer from the Bucks, but so far it seems neither Milwaukee nor any other team has shown a willingness to match Jennings' asking price, which was reported to be $12MM annually.
The Bucks' one-year qualifying offer is still on the table for Jennings. He has indicated previously that he wouldn't rule out the possibility of signing that offer, rare an occurrence as it is. Doing so would mean he'd remain with the Bucks for another year, earning a $4.53MM salary, before hitting unrestricted free agency next summer.
When Tom Ziller of SBNation.com explored Jennings' options earlier today, he suggested that the free agent guard could accept his qualifying offer, get proactive in seeking a sign-and-trade destination, or consider playing in China for a season.