Wesley Matthews is interesting in exploring a deal overseas during the NBA lockout.

"I’m looking into different policies and products for insurance purposes to see how we can cover him if he does play in Europe,” said Young, who reps for Octagon.“If it looks like it’s going to be a long lockout, he’s going to play overseas.”

Matthews signed a five-year, $34 million contract with the Blazers last summer.

Matthews played through a torn tendon in his right ankle, playing 48 games, including the playoffs, with the injury.

Corey Maggette is in 'serious discussions' with PAOK of Greece, according to a source.

Maggette was traded to the Bobcats this offseason.

Cedric Jackson has signed with the New Zealand Breakers.

Jackson will join fellow-American Gary Wilkinson on the club.

Jackson comes to the club highly recommended by a number of sources, including Tall Blacks coach Nenad Vucinic and former NBA star Dee Brown, now a coach in the American D League.

"We look forward to Cedric coming in and finding his way into the group,'' Breakers coach Andrej Lemanis said.

"As a point guard, he will be responsible for creating for his teammates, 

PAOK announced the arrival of guard Ioannis Kalampokis, who inked a one-year deal with his new club on Thursday.

Kalampokis arrives from Ikaros Kallitheas, where he averaged 9.3 points and 2.5 assists in 24 Greek League games last season.

Cholet Basket has signed Erman Kunter to a contract extension through 2013. Kunter was already under contract for the next two years. 

Kunter guided Cholet to the 2010 French championship and its Euroleague debut last year.

"This contract extension is a continuation of the project that we have established with management," Kunter said. "We have made several changes in the squad because we had reached the end of the cycle with some players. We will rebuild the team during the preparation period and then meet two objectives: to qualify for the Euroleague regular season and return for the third consecutive season to Bercy to win a the French championship."

Belgacom Spirou Basket signed Mickael Gelable to a one-year contract.

Gelabale arrives from Asvel Basket, where he averaged 12.2 points and 5.7 rebounds in six Eurocup games last season.

Gelable helped Madrid win the Spanish league in 2005 before playing for the Sonics in the NBA for two seasons.

Giorgi Shermadini has returned to Panathinaikos after one year on loan to Ljubljana Union Olimpija.

Shermadini averaged 7.4 points, 3.4 rebounds and 1.1 blocks per game last season.

Thunder forward Kevin Durant is in the early stages of contract negotiations with the same Turkish team that has signed Deron Williams and has been pursuing Kobe Bryant, according to Durant's agent.

Agent Aaron Goodwin told ESPN.com on Tuesday night that he has met with officials from Turkish club Besiktas and has likewise begun exploring opportunities for Durant in Spain and Russia.

Goodwin added that playing in China is not something Durant is considering at this time.

Durant has played in several exhibition games this summer.

Euroleague president and CEO Jordi Bertomeu told SI.com that he does not anticipate its clubs signing NBA players who are currently under contract.

"Our clubs need to have stable rosters," Bertomeu said via a translator. "They need to know how long they will be able to employ the player. No team will sign a player for only two or three months, or for an uncertain period of time. This is our forecast."

Euroleague clubs are wary of signing NBA players who may leave in the middle of their season.

"When FIBA decided to say that the transfer [of NBA players] will be valid only until the lockout will be over, it was strange," Bertomeu said. "Never in the FIBA history has there been any condition like this. This is very strange."

Agent Henry Thomas indicated on Tuesday that Dwyane Wade and Chris Bosh have not received contract offers from an overseas team.

"If there are opportunities presented to my guys," Thomas said, "it's my responsibility then to look at those opportunities and see what they are."