The Orlando Magic reportedly decided Tuesday to decline Mario Hezonja's fourth-year team option for the 2018-19 season, according to ESPN.com's Adrian Wojnarowski.

Citing league sources, Wojnarowski added the Magic "had discussed several trade scenarios in the past several months, including conversations with the Sacramento Kings over the weekend, but no deal materialized."

Hezonja, the fifth overall pick in the 2015 NBA draft, will now be an unrestricted free agent at season's end.

Hezonja was billed as a high-flying, upside-laden swingman after he emerged as a standout with FC Barcelona, but he's struggled to find a stable rotational niche with the Magic through two seasons and change.