Victor Oladipo will return to the Heat after agreeing to a one-year contract, according to The Athletic's Shams Charania.
Oladipo's new deal will allow the 27-year old guard to hit free agency again next offseason while also giving Miami the opportunity to retain Oladipo's Bird Rights.
The two-time All-Star joined Miami after coming over in a trade deadline deal with the Rockets.
However, Oladipo played in just four games with the Heat last season after requiring surgery to repair his right quadriceps tendon. According to the Miami Herald's Barry Jackson, Oladipo hopes to return to play in late December or January.