The New Jersey Nets are in serious talks with the Magic about a deal that will send Vince Carter to Orlando for Rafer Alston, Tony Battie and Courtney Lee, two league sources told Chad Ford of ESPN.com.

The talks have reached a point that a deal could be done by the end of the day Thursday, according to sources.

Trading for Carter would likely mean the Magic don't expect to retain Hedo Turkoglu.