The Grizzles are reportedly looking to make a move of some kind after missing out on free agent forward Josh Smith earlier this offseason.
They reportedly have had trade discussions with the Knicks involving Zach Randolph, and the talks still ongoing.
Memphis is willing to part with Darko Milicic in a package that wouldn't include either Rudy Gay, Mike Conley or O.J. Mayo.
The Blazers are also looking for a point guard, and could offer Travis Outlaw in a deal with the Grizzles.