The Memphis Grizzlies are looking to trade Cole Anthony, sources told Marc Stein of The Stein Line and Jake Fischer of The People's Insider.

The Grizzlies acquired Anthony from the Magic in a trade involving Desmond Bane.

The Grizzlies are looking to shed Anthony's contract in order to sign Ty Jerome, according to sources. 

Jerome is looking for a deal starting around the Non-Taxpayer Mid-Level Exception amount of $14.1 million.

Anthony is set to earn $13.1 million next season and has a team option for 2026-27.