The Magic take a massive swing at opening the floor for young stars Paolo Banchero and Franz Wagner, while Memphis may be looking at a rebuild.

ESPN's Shams Charania reported on Sunday that the Magic are sending guards Kentavious Caldwell-Pope and Cole Anthony along with four first-round picks and a pick swap to the Memphis Grizzlies for guard Desmond Bane. This article will be updated soon to provide more information and analysis.

The Magic will acquire guard-forward Desmond Bane from the Memphis Grizzlies in exchange for guard Cole Anthony, guard Kentavious Caldwell-Pope and multiple future first round draft picks, a league source told the Sentinel.