The Minnesota Timberwolves and the Cleveland Cavaliers have apparently agreed on a blockbuster trade involving Kevin Love and No. 1 draft pick Andrew Wiggins, sources said on Thursday.

The Timberwolves are sending Love to Cleveland in exchange for Wiggins and Anthony Bennett, plus a future first round draft pick, sources said Thursday.

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With the addition of Love in their front court, Cleveland assembled its so-called "Big 3" with their latest trade acquisition, plus four-time MVP LeBron James and All-Star guard Kyrie Irving. As is the case, the roster changes could possibly bring the franchise's first ever NBA Championship.

James, 29, is at the prime of his career, while Love, 25 just came from the best season of his career averaging 26.1 points and 12.5 rebounds. Irving, on the other hand, was named All-Star MVP last year.

The Cavs signed NBA Draft No. 1 pick overall Andrew Wiggins into a rookie scale contract delaying the All-Star Love trade for 30 days which ends Aug. 23.

The Cavs recently introduced two-time NBA Champs and James' former Miami teammates, Mike Miller and James Jones into the roster that will give the team an arsenal of outside shooters including Irving and Love.

There are also talks of signing another All-Star player and NBA champion Shawn Marion of the Dallas Mavericks who is a major threat in the forward position.

Marion, 36, is one of only four players in the league's history to have passed the 17,000-point mark including 9,000 rebounds, 1,500 steals and 1,000 blocks.

If talks of Marion are not enough, two-time NBA champ Ray Allen is also looking to sign with the Cavs. Allen, currently a free agent, is the league's most efficient three-point shooter, scoring 2,974 points in his career.

Cleveland also signed a new head coach in David Blatt early this year. Blatt is one of the most decorated coaches of all time having led the Russian National team to a bronze medal in the 2012 Olympics in London and a multitude of championship titles from various teams in Europe.

TagsLebron James, Kyrie Irving, Mike Miller, James Jones, Shawn Marion, Ray Allen, David Blatt