From the Boston Globe’s Shira Springer.

According to two league sources, a deal that would send Mark Blount to Minnesota or Memphis could be completed soon. One source described a deal as ”imminent.” The most likely scenario would have the Celtics shipping Blount to Minnesota for 7-foot, 270-pound center Michael Olowokandi. The Celtics play the Timberwolves tomorrow night at the TD Banknorth Garden.

It is less clear whom the Celtics would receive from the Grizzlies for Blount, if they went that route. Lorenzen Wright, a 6-11 center, might be one possibility because he is in the last year of his contract. Although the salary numbers work, one source said 6-8 Memphis forward Brian Cardinal is not a candidate.
The Celtics reportedly tried to deal Blount to Memphis last offseason. Memphis was one of the teams that aggressively pursued Blount when he was a free agent.

The St. Paul Pioneer Press’ Charley Waters floats the rumor that Olowokandi could be traded for Denver’s Kenyon Martin.