Cavaliers have deal in place for Kevin Love; Wiggins, Bennett to Timberwolves

Apr 14, 2014; Oakland, CA, USA; Minnesota Timberwolves forward Kevin Love (42) between plays against the Golden State Warriors during the third quarter at Oracle Arena. The Golden State Warriors defeated the Minnesota Timberwolves 130-120. Mandatory Credit: Kelley L Cox-USA TODAY Sports
Apr 14, 2014; Oakland, CA, USA; Minnesota Timberwolves forward Kevin Love (42) between plays against the Golden State Warriors during the third quarter at Oracle Arena. The Golden State Warriors defeated the Minnesota Timberwolves 130-120. Mandatory Credit: Kelley L Cox-USA TODAY Sports /
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The Cleveland Cavaliers and Minnesota Timberwolves have been actively involved in trade talks surrounding star big man Kevin Love. Over the past few weeks, it has seemed increasingly likely that a deal will get done and now we are one step closer.

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According to Yahoo Sports, the Cavaliers have a deal in place with the Timberwolves for Kevin Love.

The Cavaliers have even received a commitment from Love that he will be signing with the team long-term with a five-year, $120 million-plus contract extension.

In exchange for Love, the Cavaliers will be sending two former No. 1 picks to Minnesota — Anthony Bennett and Andrew Wiggins.

Since Wiggins has already signed his rookie contract, he cannot be traded until one month after the date that he put ink to paper. That means that Wiggins will be eligible for a trade on August 23, so we could see an official deal take place at that time.