The Knicks and T'Wolves are eager to do a deal. The Nuggets? The wait is on.

"At the end of the day, it's all up to Denver," one person involved in the three-team discussions that would bring Carmelo Anthony to the Knicks told The Post.

"Just waiting to see what Denver ultimately does," another individual with knowledge of the situation said.

As the Knicks and Wolves await Denver's decision by the Feb. 24 NBA trade deadline, Knicks president Donnie Walsh still sits in a good spot.

It's a sweetheart package for Walsh, who would give up Wilson Chandler, now a sixth man with a history of injury trouble; Anthony Randolph, the 21-year-old project out of the rotation and aching to be dealt; Eddy Curry's expiring contract; possibly Andy Rautins, their second-rounder who has played in four games, and rehabbing Kelenna Azubuike's expiring contract.

"It's a little ways from being realistic," another NBA source said. "They [the Nuggets] don't want to do a deal that is much worse than [the] Jersey [deal that's now off the table], and they are only 3 1/2 games out of first place [entering last night]."

The Knicks have babied Chandler across the last 10 days as he battles a calf injury and left-ankle soreness on the same ankle that's endured surgery in two consecutive summers.

Walsh said he has not been told Chandler will need any more ankle surgeries, but after keeping him out three games, coach Mike D'Antoni is using him off the bench, seemingly trying to keep up his health.

Chandler has been subdued the past 10 days. Last night at the Knicks' charity bowl-athon, when asked if he wanted to remain a Knick, Chandler said, "A lot."

Some NBA executives say the Kroenkes, who own the Nuggets, are mulling the option of gunning for a championship this season rather than taking on Chandler in a 'Melo deal that pales to the Nets' package.

Waiting until Feb. 24 gives the Nuggets a better idea of their chances, not Anthony's preference.