Butler led Minnesota at 22.2 points per game last season.
However, it seems that coach and president Tom Thibodeau is dead set on keeping Butler and trying to compete.
The Towns news will undoubtedly be thankfully received by a Minnesota fan base desperate for some kind of positive news after several days of stories surrounding Butler's desire to leave the team.
The news is different than what was reported of the Wolves' front office earlier on Friday, who reportedly told teams they meant to keep Butler. He can sign a four-year, $141 million deal with a new team.
Minnesota Timberwolves All-Star shooting guard Jimmy Butler formally requested a trade Wednesday - and that set off a series of events that eventually involved former National Basketball Association player Stephen Jackson, Minnesota small forward Andrew Wiggins and Andrew's brother Nick Wiggins. The disgruntled shooting guard had a tumultuous first season in Minnesota after being traded by the Bulls, along with Justin Patton, for Zach Lavine, Kris Dunn and Lauri Markkanen.
Butler could be eligible to sign a 5-year, $190 million contract extension with the Wolves, or a team that acquires him in a trade.
With all parties desperate to make a deal as soon as possible, we should see the situation escalate this week and expect another big trade to take place. In the immediate aftermath of the report, T'wolves forward Andrew Wiggins' brother Nick posted "Hallelujah" with some emojis for good measure. He made his first All-Star game last season and was named NBA Rookie of the Year during the 2015-16 campaign. "Jimmy Butler is not a dumb guy". A deal between Cleveland and Minnesota would be much more hard to figure out largely due to the number of bad contracts the Cavs have.