The Denver Nuggets have emerged as a serious suitor in pursuit of free agent shooting guard Monta Ellis, a league source told RealGM.

Ellis has been in several substantial discussions with teams, and some sign-and-trade possibilities have arose, a source said. Nevertheless, the Nuggets have the capacity to sign Ellis outright, after losing Andre Iguodala to an agreement with the Golden State Warriors on Friday.

Organizations interested in Ellis have principally been contenders to make deep playoff runs, with the Nuggets separating themselves as a firm candidate. Ellis led the Milwaukee Bucks in scoring last season, averaging 19.2 points to go with six assists and 2.1 steals a game.