With the pending signing of free agent forward Ben Wallace, the Chicago Bulls might part ways with forward Tyson Chandler, who has been rumored to be in trade talks for months.

"NBA front-office sources told ESPN.com on Monday night that the Bulls were close to shipping Tyson Chandler to the "New Orleans" Hornets for P.J. Brown and J.R. Smith."

Bulls forward Malik Allen is also rumored to possibily be involved in the proposed deal.