Report: Bulls considering signing Serbian star Milos Teodosic

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While Jimmy Butler rumors swirl, Dwyane Wade considers accepting $23.8 million, and Thursday's NBA Draft nears, the Bulls may be moving in on a highly sought-after free agent.

According to Eurohoops' Nikos Varlas, the Bulls are prepared to make a multiyear offer to Serbian point guard Milos Teodosic. Varlas reports that the Bulls are "the front runner to sign Teodosic compared to other NBA teams which are also interested in him."

The 30-year-old point guard averaged 16.1 points and 6.8 assists in 29 Euroleague games playing for CSKA Moscow. He'll be a free agent, and there are reports that Moscow is considering offering him a contract upwards of $30 million.

The Bulls' Nikola Mirotic, born in Montenegro, is a restricted free agent this offseason. Mirotic's future, as well as Wade's decision and the team option the Bulls have for Rajon Rondo will determine the team's salary cap spending.

In this year's NBA GM Survey Teodosic was voted as the best international player not in the NBA, earning nearly 54 percent of the vote.

The Bulls could certainly use help at the point guard position. Whether Rondo is back, the Bulls also have Cameron Payne, Jerian Grant and Isaiah Canaan under contract.

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