Updated: 6:20 p.m.
The Sixers and New Orleans Pelicans have engaged in trade talks regarding Jahlil Okafor, a league source has confirmed to CSNPhilly.com's Jessica Camerato. The Pelicans are one of multiple teams that have expressed interest in him.
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USA TODAY's Sam Amick first reported the trade discussions Monday afternoon, noting that the Sixers are looking for a first-round pick.
ESPN's Marc Stein added the talks are "advanced."
Keith Smith, a contributor for RealGM.com, reported the deal was close and could be completed Monday, but that has now changed. Per Smith, the Sixers want to re-engage by bringing Jrue Holiday back to Philadelphia in an expanded deal. However, according to Smith, New Orleans does not want to trade Holiday. Instead, per the report, the more likely package is the Sixers' absorbing the salary of Alexis Ajinca in addition to receiving a protected first-round pick.
David Aldridge of NBA.com reports a deal is not imminent.
The protections on the pick will be crucial because the Pelicans would currently pick fifth in the draft.
According to The Vertical's Adrian Wojnarowski, the Pelicans are also interested in Nets big man Brook Lopez.
The Sixers have had a well-documented logjam at the five with Joel Embiid, Nerlens Noel, Okafor and Richaun Holmes. When all are healthy, only two play on a given night.
The Pelicans appear to be willing to take a chance on Okafor, who's flashed impressive low-post offense in his two years with the Sixers but continues to struggle defensively.