Armed with what they believe is the luxury of not having to do anything, the Trail Blazers face today's NBA trading deadline as an active, but not desperate, participant.

The Blazers' are working under a veil of secrecy engineered by first-year general manager Rich Cho, but leaks across the league have revealed that Cho is exploring everything from a trade that could net former All-Star Gerald Wallace to seeking an upgrade at backup point guard.

The deadline is noon today.

The flirtation with Wallace, Charlotte's physical and athletic small forward, remained in play after the Blazers' overtime 106-101 loss to the Lakers on Wednesday at the Rose Garden.

The teams have apparently discussed variations of the deal, with the 28-year-old Wallace remaining the constant and the Blazers giving either center Joel Przybilla, point guard Andre Miller or center Marcus Camby.

Charlotte later wanted to add Blazers guard Rudy Fernandez, prompting agent Andy Miller to inform Charlotte owner Michael Jordan that if Fernandez was included, he would ask for a buyout and return to Spain.

The Wallace talks came after the Blazers came up empty in their pursuit of New Jersey point guard Devin Harris, who was surprisingly involved in a package deal early Wednesday morning with Utah for Deron Williams.

The Blazers entered the trading deadline looking to land a younger, high-level point guard and add more depth at big man.

Wallace is neither, but he is a noted defender, exceptional rebounder and high-energy player who flies around the court. A 10th-year pro and the only remaining original Bobcat, Wallace is averaging 15.6 points and 8.2 rebounds this season.

Wallace makes $10.5 million this season and next season and has a player option at $10.5 million for the 2012-13 season.