The Phoenix Suns appear to be out of the Josh Smith sweepstakes.

According to sources, a potential deal to send Smith from the Atlanta Hawks to the Suns prior to Thursday's 3 p.m. ET trade deadline, is unlikely.

Phoenix has had talks with Atlanta about Smith, who will become an unrestricted free agent this summer.

However, the Suns have been engaged in discussions about their own role players in Sebastian Telfair and Jermaine O'Neal. Toronto, looking for a backup point guard, has interest in Telfair, as well as Minnesota's Luke Ridnour and Oklahoma City's Eric Maynor. New York has strong interest in O'Neal.

Sources also told ESPN that the Brooklyn Nets, Milwaukee Bucks and Boston Celtics are three teams known to be in talks with the Hawks about Smith.

In conversations with the Bucks, the Hawks' interest is believed to start with Monta Ellis, sources tell ESPN, at least in part because Ellis could play next to Jeff Teague.

Barring a deal that featured three or more teams, Boston would likely need to part with Paul Pierce to acquire Smith, which could well rule the Celtics out of the chase for Atlanta's versatile forward, ESPN's Marc Stein reports.