Khris Middleton declined his $40 million option with the Milwaukee Bucks last week, which will make him an unrestricted free agent.

"All signs are pointing" to Middleton and the Bucks quickly agreeing to a new contract, reports Jake Fischer of Yahoo Sports.

Middleton participated in the Bucks' head coaching search, which was a signal that he would likely remain with the franchise over the long-term.

The Houston Rockets and Sacramento Kings were two teams linked to Middleton as free agent suitors.