FILE – Chicago Bulls’ Lonzo Ball (2) drives against Cleveland Cavaliers’ Isaac Okoro (35) in the first half of an NBA basketball game, Dec. 8, 2021, in Cleveland. (AP Photo/Tony Dejak, File)

CLEVELAND — The Cleveland Cavaliers have agreed to acquire guard Lonzo Ball from the Chicago Bulls for forward Isaac Okoro according to a person with knowledge of the agreement.

The person spoke to The Associated Press on condition of anonymity Saturday because the trade can not be finalized until the start of the new league year on July 6.

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Ball averaged 7.6 points, 3.4 rebounds and 3.3 assists in 35 games this past season after missing the 2022-23 and 2023-24 campaigns because of a left knee injury. The 27-year-old Ball underwent a meniscus and cartilage transplant in his left knee in March 2023 after two surgeries failed to fix an injury he suffered during his first season in Chicago in 2021-22.

Ball, the second overall pick by the Los Angeles Lakers in the 2017 draft, missed the last two months of the season because of a sprained right wrist. He has one year remaining on his contract with a team option for the 2026-27 season.

Cleveland has a need at point guard with Ty Jerome becoming an unrestricted free agent and Darius Garland likely to miss the start of the regular season after undergoing surgery on his left big toe earlier this month.

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The Cavaliers had the second-best record in the NBA at 64-18 but were eliminated in the NBA Eastern Conference semifinals by the Indiana Pacers in five games.

Okoro averaged 6.1 points and 2.4 rebounds this past season and is a strong defender who can also shoot well from the perimeter. However, he found his playing time begin to decrease over the season. He averaged 14.2 minutes in the playoffs after logging 19.1 minutes per game in the regular season.

Okoro has two years remaining on his contract.