“The Grizzlies, for example, have held exploratory talks with Miami about Butler, but those interactions haven't gone far,” The Athletic reports. “According to league sources, the Heat asked about Memphis' young players, which the Grizzlies rebuffed.”

Failing to trade Butler before the deadline would be a disaster for the Heat. It's doubtful he will return to Erik Spoelstra's rotation this season, and even if he did, he would be nothing more than a distraction to his teammates. Furthermore, the Heat would be resigned to losing their star player in the summer, with nothing coming back in return.