The Hornets have waived Mike Conley after acquiring him on Wednesday in a trade with Chicago, the team announced (via Twitter).

The veteran point guard will be eligible to sign with any team except for the Bulls if no one claims him and his $10.8MM salary on waivers. There have been reports that he may be interested in returning to the Timberwolves, which would be permitted since he was traded twice before being released, but there’s no confirmation that will be his next move.

Minnesota is adding a guard in today’s trade with Chicago for Ayo Dosunmu, but still has two roster openings if there’s mutual interest with Conley.

Conley, 38, moved into a reserve role for the Wolves this season for the first time since being acquired from Utah at the 2023 trade deadline. He appeared in 44 games, averaging 4.4 points, 1.4 rebounds and 1.8 assists in 18.5 minutes per night with .322/.321/.891 shooting numbers.

Conley was sent to the Bulls on Tuesday in a three-team trade that also involved Detroit. He was shipped to Charlotte a day later in the Coby White deal.

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