"The New Orleans Hornets, Houston Rockets and Los Angeles Lakers have resumed negotiations in an attempt to find a way to complete a blockbuster trade that would send Chris Paul to L.A., league sources told Yahoo! Sports.

"All three teams are engaged," one source told Y! Sports. "Not sure if it will work."

The resumption of talks comes less than 24 hours after the three teams agreed on a trade only to have NBA commissioner David Stern veto it. Stern released a statement on Friday saying he blocked the trade because the league-owned Hornets were "better served with Chris in a Hornets uniform than by the outcome of the terms of that trade.""