The Wolves are seeking a combination of veterans, top prospects, future assets and cap relief. The Rockets are among the host of teams pursuing Butler and they're willing to be "creative" in order to agree terms of a trade, according to ESPN's Adrian Wojnarowski.
Tom Thibodeau, the Wolves president of basketball operations and head coach, has said publicly that he is working on dealing Butler but will only do what's best for his team.
After rumblings that two potential teams have taken a step back, Houston's path may have gotten a bit easier.
"Our reality is that he has requested a trade, so we'll honor that", Thibodeau told CBS Sports.
Then, the day after, Thibs said he would trade Butler.
From everything we've heard - from all the great reporters and insiders out there - I think it's safe to say that we shouldn't expect a Jimmy Butler trade anytime soon.
The New York Times' Marc Stein tweeted that South Beach is Butler's preferred destination.
Butler averaged 22.2 points on a Minnesota team that went 47-35 last season and reached the playoffs for the first time since 2003-04.
He is entering the fourth season of a five-year, $92.3 million contract he signed with Chicago in 2015, but he can enter the free agent market next summer by opting out of the final year.