With little flexibility to upgrade their roster in free agency, the Knicks are closing in on a deal to acquire Andrea Bargnani, the Toronto Raptors’ jump-shooting 7-footer, according to a person involved in the talks.

The Knicks are offering a package built around Marcus Camby, Steve Novak and two future draft picks, one in the first round and one in the second. Several teams have pursued Bargnani, but the Knicks have emerged as the “strong favorites” to land him, and a handshake deal could come soon, the person said.