The Magic are working on a buyout agreement with Hedo Turkoglu plan on giving second-round pick Romero Osby a chance to make the team and likely will invite as many as four more players to their training camp according to a source close to the club.

As expected Turkoglu and the team have been trying to arrange a buyout with the 13-year veteran small forward. He does not figure into the team's rebuilding plans at age 34. Only half of his $12 million salary for next season — the last year of his contract — is guaranteed.

If the Magic and Turkoglu can reach an arrangement Turk will be waived. He then can become a free agent eligible to negotiate with any other NBA team or play overseas.

There are reports that Turkoglu has an offer with a team in his native Turkey if he decides not to stay in the NBA or is unable to sign a deal.