The Orlando Magic, Brooklyn Nets and Cleveland Cavaliers are in serious talks on a three-team trade that would land Dwight Howard in Brooklyn and involve many other players, according to sources close to the situation. The specifics are still being worked out, but the three teams are making progress toward a deal.

Several different proposals have been discussed and the trade could include as many as 11 players and multiple draft picks, according to sources close to the situation. Sources say that the three teams are closing in on a deal, but warn that the Magic continue to do their due diligence and weigh other options. No trade is imminent.

On Monday morning, before the Orlando Summer League gets underway, Magic brass will meet and discuss if the three-team trade with Brooklyn and Cleveland is the best deal on the table. If Orlando decides to pull the trigger, the blockbuster trade could be agreed upon as early as tomorrow morning.

The Magic and Nets had been searching for a third team for several days before the Cavaliers entered the talks. Cleveland would take back Kris Humphries in a sign-and-trade and land a first-round pick as well, according to sources close to the situation.

Trades can be agreed upon now, but cannot be finalized until the moratorium is lifted on July 11.