The Memphis Grizzlies are looking for at least one first-round pick in exchange for Ja Morant, sources told Marc Stein of The Stein Line.
Stein adds that the Pelicans, who have been mentioned as a potential landing spot, are not interested in trading for Morant.
Morant, who recently returned from a calf injury, is currently out for three weeks with a sprained elbow. Morant will remain sidelined past the February 5 trade deadline.
The trade market for Morant is reportedly limited due to a lack of teams with genuine interest in adding the point guard.