The Wizards are reportedly close to trading the number five pick and a host of players for Minnesota’s Randy Foye and Mike Miller.

Sources told ESPN The Magazine that Oleksiy Pecherov, Etan Thomas and Darius Songaila may be part of the package sent to the Wolves.

A source from the Minnesota camp also added that the Timberwolves are not done trading. The Timberwolves now have picks number five, six, 18 and 28 in the first round of the upcoming draft.

Speculation is building that they could package the fifth and 18^th pick for the second overall selection in the draft. The Wolves ultimately want two selections in the lottery, be it the second and sixth, or fifth and sixth picks. Minnesota is expected to be busy on Wednesday trying to work out a deal.

The trade hasn't been consummated yet because of a clerical point that Etan Thomas needs to handle. Thomas has to come to the Wizards' offices Wednesday to sign an agreement that he won't opt out of his deal on July 1 and become a free agent.

By agreeing to the trade, Thomas would receive $1.2 million. Thomas is expected to sign the note, but it is a procedural matter that must be done before a conference call with all parties can be held.

Meanwhile, Minnesota owner Glen Taylor, who is the chairman of the board of governors, was expected to meet with general manager David Kahn Tuesday night to go over the trade but wasn't expected to balk at the move.

Sources say that the Wizards expect this trade to become official Wednesday. Washington had made overtures regarding moving the No. 5 pick ever since the Wizards landed it on the draft lottery on May 19.

Washington listened to offers from New York, Dallas, Phoenix and Portland but settled on a deal with Minnesota, looking for veteran perimeter help while getting rid of expiring contracts.

Once the trade becomes official on Wednesday, the NBA draft board will show the Timberwolves on the clock with the fifth pick on Thursday night, not the Wizards. When trades are completed after the midday deadline on draft day, the draft board doesn't change, and teams must pick for their trade partner.

There are rumours that until the deal is officially done, Minnesota could still work a trade to get a third party involved.