The Raptors have discussed a sign-and-trade involving Chris Bosh with as many as eight teams.
Bryan Colangelo, however, has ruled out bringing back the expensive contract of Bulls forward Luol Deng.
Deng has four years and nearly $50 million left on his contract, and the Bulls have been dangling him as part of sign-and-trade possibilities involving Bosh, LeBron James and Joe Johnson.
Besides Chicago, Miami, New York and New Jersey, the Houston Rockets and Dallas Mavericks are determined suitors for Bosh.