The Memphis Grizzlies are in discussions with a number of teams to trade the No. 4 pick in Thursday's NBA draft, league sources told ESPN. Any such trade would likely include forward Chandler Parsons, whose contract is considered an albatross because of his knee problems.

The Grizzlies have several potential trade partners, as the Dallas Mavericks, Orlando Magic, Chicago Bulls, New York Knicks, Denver Nuggets, Boston Celtics and LA Clippers have shown varying degrees of interest in a deal, a source told ESPN.

According to sources, the Grizzlies don't anticipate the most serious proposals to arrive until they are on the clock Thursday, shortly before 8 p.m. ET. While contingent deals can be made earlier, the Grizzlies and other teams might want to see which prospects are available at No. 4 before deciding on a deal.

In such a trade, the Grizzlies hope to move back a few spots rather than move out of the lottery altogether, sources told ESPN. The organization wants to add talent even as it potentially trades its biggest free-agent acquisition ever to get out from under the $49.2 million remaining on Parsons' contract over the next two seasons.

Memphis might be able to trade back to No. 6 (owned by Orlando) or No. 7 (Chicago) on draft night. Duke big man Wendell Carter Jr. is a favorite of the Memphis front office and especially the coaching staff, according to sources. He is currently projected to be selected within the top seven picks in the latest ESPN mock draft.

If Orlando is willing to include Evan Fournier in a trade for Parsons, that could facilitate a deal involving the No. 4 and No. 6 picks, but the Magic currently appear reluctant to do so, instead preferring to give up Bismack Biyombo.

Knicks coach David Fizdale met with Texas center Mohamed Bamba on Wednesday afternoon at the Grand Hyatt hotel in New York, sources told ESPN's Ian Begley. Director of scouting Kristian Petesic was also present. It's unlikely Bamba would be available for the Knicks with their No. 9 pick, another indication New York has considered moving up via trade, but a source told ESPN's Adrian Wojnarowski that the Knicks had not requested Bamba's medical information as of Thursday and the team is comfortable drafting at No. 9.

Knee soreness has led to Parsons playing in only 70 games since joining the Grizzlies in 2016. For Memphis, trading Parsons would potentially create significant salary-cap space in the summer of 2019, and only point guard Mike Conley is under a guaranteed contract for the 2020-21 season.

Still, due to NBA rules requiring matching salaries for teams over the salary cap, any trade Memphis makes on Thursday will need to bring back a contract or several contracts of significant size, at least for the 2018-19 season.