In his latest update on the negotiations between Brooklyn and Toronto, Adrian Wojnarowski reports that the Nets and Raptors are seriously talking with the two sides exchanging proposals.

The Raptors and Nets have exchanged ideas on packages for Lowry that include Mirza Teletovic, Tyshawn Taylor and 2011 first-round draft pick Bojan Bogdanovic, league sources said. Bogdanovic is playing in Turkey and could join the NBA as soon as next season.

The Raptors apparently want the Nets first rounder in 2020 or Mason Plumlee, neither of which Brooklyn wants to give up. Woj also reports Jason Terry has been raised in talks, too, but only as part of an expanded deal that includes young players or draft assets.

The Nets big competition for the 27-year-old speedster is the Knicks whose interest is on-again and off-again.