The Orlando Magic have agreed in principle to acquire Chicago Bulls guard Jerian Grant and Charlotte center Timofey Mozgov in a 3-team trade, league sources told ESPN's Adrian Wojnarowski.
Orlando sends Bismack Biyombo to Charlotte, and the Hornets send guard Julyan Stone to the Bulls.
The deal comes six days after the Magic agreed to a new four-year deal with restricted free-agent forward Aaron Gordon and two weeks after drafting center Mo Bamba with the sixth pick in the NBA draft.
The Magic have not had a winning record nor made the playoffs since the lockout-shortened 2011-12 season.