12:45pm: The Timberwolves have reached a contract agreement with free agent small forward CJ Elleby, tweets Michael Scotto of HoopsHype. Elleby will be given an opportunity to compete for a roster spot in camp, sources tell Scotto.
Elleby, 22, was selected by the Trail Blazers with the 46th pick in the 2020 draft and spent his first two NBA seasons in Portland. He got a shot at regular playing time last season and averaged 5.8 points, 3.9 rebounds and 1.5 assists in 58 games, making 28 starts.
The Wolves will have 19 players under contract once they officially finalize all of their reported signings, but only 12 players have fully guaranteed contracts.