The Minnesota Timberwolves and Cleveland Cavaliers had yet to reach a deal centered on Timberwolves star Kevin Love as of late Wednesday night, sources close to the talks told FOX Sports Ohio.

The teams have been discussing a trade that would send Love to the Cavs and pair the three-time All-Star with LeBron James and Kyrie Irving.

Multiple reports have stated the Cavs would surrender No.1 overall draft pick Andrew Wiggins as part of a package for Love, but sources familiar with the talks insist that is not a certainty — that Wiggins has only been part of the discussions and no deal is yet in place. One source told FOX Sports Ohio on Thursday several options remain in play within a trade scenario involving the Timberwolves and Cavs.

The Cavs signed Wiggins, a 6-foot-8 guard/forward, to a rookie contract earlier this month. He is not eligible to be traded until Aug. 23.

Love is a 6-10 power forward who averaged 26.1 points and 12.5 rebounds in 77 games last season. He turns 26 years old Sept. 7.

Wiggins, 19, played one season at Kansas University and averaged 17.1 points and 5.9 rebounds in 35 college games.

League sources not directly involved in the talks have said they believe the Timberwolves and Cavs have been close to a deal for several weeks, based on separate conversations the sources had with the Timberwolves. ESPN.com reported Wednesday a trade between the T-Wolves and Cavs is increasingly looking like "when" and not "if" it will happen, and that indeed appears to be the case.

Love has indicated to his agent he would prefer a trade to Cleveland, a source told FOX Sports Ohio last week. It is not known if Love or his representatives have put in a formal trade request to the Timberwolves.

Love can become a free agent next summer and has indicated he will not re-sign with Minnesota.