The Phoenix Suns have begun pursuing Josh Smith, according to multiple sources.

The Suns have held preliminary trade talks with the Atlanta Hawks and will continue their pursuit into the offseason should they be unable to execute a trade before the deadline.

The Suns would likely build their offer for Smith around Marcin Gortat.

Phoenix could sign Smith to a new contract in the offseason while retaining enough cap space for a second big contract free agent.

The Toronto Raptors earlier this season fielded trade inquiries about Andrea Bargnani, general manager Bryan Colangelo confirmed.

Bargnani has been sidelined since Dec. 12 with a right elbow injury.

"There's teams interested I know that," Colangelo said. "I've got a handful of situations that people were monitoring this whole injury process. I'm not saying anything with any concrete nature that he's going to be traded but we're looking to make our basketball team better and I've pretty much told everybody: nobody on our team is untradeable based on some of the things we are looking to do and what our objectives are."

Colangelo expects Bargnani to return with a chip on his shoulder, which could stimulate trade talks.

"You're going to see, I think, a rejuvenated Andrea Bargnani when he comes back from the injury here in a few days," Colangelo explained. "He's got something to prove. Maybe he proves just enough to create a trade conversation.

"I will tell you that any interest in Andrea -- which there was quite a bit early on in this season -- went by the wayside when he got hurt. So that's just a natural part of the business when a guy's not playing you can't really discuss him."

Greg Oden is interested in signing with the Cleveland Cavaliers as a free agent.

“He’s a Buckeye,” Oden’s agent, Mike Conley Sr. said. “He lives in Columbus. There’s definitely interest there.”

Conley said there is mutual interest with his client and four NBA teams, “and maybe some others will develop in the next 30 days. Who knows? There’s a few scenarios out there that make sense for him.”

Oden isn’t expected to sign a free agent deal until after the February trade deadline, but Conley left open the possibility they wait until fall.

“Our main focus is on next year or the year after and what cap space looks like during that time, who knows?” Conley said.

The Memphis Grizzlies have completed two cost-saving trades over the past few weeks, with their trade of Rudy Gay being the most notable.

Chris Wallace, a holdover from the previous ownership, had nothing to do with the trade.

New Grizzlies CEO Jason Levien is operating largely based on the recommendations of statistician and former media member John Hollinger.

The San Antonio Spurs formerly had Hollinger on their payroll as a consultant and regretfully took his advice to sign Jackie Butler. The Spurs atoned for the mistake by trading away the draft rights to Luis Scola, along with Butler.

With the NBA's new collective bargaining agreement making it difficult for team to have three max contract players, the 2014 decision awaiting LeBron James has become more interesting.

Over the past few months, the Oklahoma City Thunder and Memphis Grizzlies have traded away James Harden and Rudy Gay, respectively, as they avoid the luxury tax.

James' agent, Rich Paul, has been privately telling people for two years that he is interested in bringing his client back to the Cleveland Cavaliers.

Paul's agency, Klutch Sports, is based in Cleveland.

"Riley has never given them the run of the place in Miami," one high-level associate of James' inner-circle said, "and they could all be back in business together in Cleveland. For Rich and [business manager] Maverick [Carter], they all see the benefits of getting the credit for bringing LeBron home again."

Dwyane Wade is entering his thirties, while Kyrie Irving may be the NBA's best point guard in his prime in 2014.

James has been contemplating a return to Cleveland throughout his tenure with the Heat, even second-guessing himself the night of decision. When owner Dan Gilbert released his infamous letter, James understood that there was no turning back, according to the report.

The Golden State Warriors have made several personnel moves since acquiring Andrew Bogut and are unlikely to make any additional changes before the deadline, according to multiple sources.

One source with the Warriors described the odds of a trade as "remote."

The Warriors would like to add to their frontcourt, but are unlikely to make a move.

Bryan Colangelo admitted on NBA TV that the Toronto Raptors are shopping Andrea Bargnani.

Colangelo has spoken with Bargnani's agent about possible moves.

"I'm not saying he's asked for a trade, but he certainly would not fight or resist a [new] situation," said Colangelo.

The Toronto Raptors have acquired Rudy Gay in a three-team trade involving the Memphis Grizzlies and Detroit Pistons.

The Raptors sent Jose Calderon, who went to the Pistons, along with Ed Davis and a second round pick to the Grizzlies.

Memphis acquired Davis, along with Tayshaun Prince and Austin Daye.

Gay had been with the Grizzlies since his rookie season in 2006-07, while Prince and Calderon also had spent their entire careers with their respective teams.

The Raptors also acquired Hamed Haddadi, but a buyout and waiver is expected.

Keyon Dooling won't come out of retirement to join the Boston Celtics.

Dooling spoke with Doc Rivers following the season-ending injury to Rajon Rondo.

Dooling is currently serving as the Celtics' coordinator of player development.

The NBA has approved the Los Angeles Lakers' request for an injury exception following the season-ending surgery undergone by Jordan Hill.

The Lakers will have $1.78 million to use to sign a player or in a trade.