Kevin Garnett, Timofey Mozgov

Brooklyn Nets forward Kevin Garnett (2) knocks the ball from Denver Nuggets center Timofey Mozgov (25) during the second half of an NBA basketball game Tuesday, Dec. 23, 2014, in New York. The Nets defeated the Nuggets 102-96. (AP Photo/Kathy Willens) ORG XMIT: NYKW112

(Kathy Willens)

CLEVELAND, Ohio. – The Cavaliers are on the verge of acquiring center Timofey Mozgov from the Denver Nuggets, Northeast Ohio Media Group has confirmed.

ESPN was first to report the agreement.

Cleveland will send over two future first-round picks for the inside presence they've coveted for some time. The Cavaliers will use their $5.3 million trade exception to absorb the contract of Mozgov and will receive a future second-round pick.

The Cavaliers also waived backup point guard AJ Price.

This post will update shortly.