The Grizzlies would prefer to receive young assets in return for the two players and rejected the Raptors proposal, according to SI.
The Raptors appear to be interested in adding a pair of Grizzlies stars.
Toronto offered guard Kyle Lowry and center Jonas Valanciunas to Memphis in exchange for Mike Conley and Marc Gasol, according to a report from Sports Illustrated, which cites unidentified league sources.
The Grizzlies have reportedly been shopping the two players. But, they would prefer to receive young assets in return for them and rejected the Raptors proposal, the report says.
Gasol, a three-time All-Star, is averaging 15.7 points, 8.6 rebounds and 4.7 assists in 33.7 minutes per game this season. He has been with the Grizzlies since 2008-09.
The center signed a five-year, $110 million extension with Memphis in July 2015. He holds a player option, worth a little more than $25 million, for next season.
Conley has spent his entire 12-year career in Memphis. He’s tallied 20.3 points and 6.3 assists per game while knocking down 35.9 percent of his 3-point attempts in 2018-19. The point guard agreed to a new five-year, $153 million deal with the Grizzlies in the summer of 2016.
Meanwhile, the Raptors enter play Tuesday in second place of the Eastern Conference standings. Lowry is averaging a career-high 9.2 assists while Valanciunas has been limited to 30 games because of a thumb injury.
The Grizzlies stand at 21-33 and are all but out of the postseason race.