The Nets completed the first trade of deadline week, landing guard Marcus Thornton, and could be close to making another move, bringing in Lakers big man Jordan Hill.

Yahoo! Sports first reported the Nets’ interest in Hill, but sources told Sporting News that Nets owner Mikhail Prokhorov gave the green light on Wednesday afternoon to a trade that would bring Hill—who was drafted by the Knicks—back to New York City.

The Nets would acquire Hill by using the $5.25 million disabled player exception they got when center Brook Lopez was injured. The Lakers would get salary relief, and possibly future considerations. L.A. is over the luxury tax threshold by a little more than $7 million, and dumping Hill’s $3.5 million contract significantly reduces their tax liability.