The Hornets appear to be close to a sign & trade for Robin Lopez. This deal would be completed as a 3 team trade, also including Phoenix and Minnesota. New Orleans will also acquire Hakim Warrick in the deal from the Suns. Minnesota will send Wes Johnson and first round pick to Phoenix.
For now, the Timberwolves do not seem to be acquiring any players or gaining any future picks; but this trade would clear cap space for Minnesota (the current favorite to land Andrei Kirilenko).