"The Lakers, Hornets and Rockets are discussing a three-way trade that would send Chris Paul to L.A. and Pau Gasol to Houston, league sources told SI.com. New Orleans would receive Rockets swingman Kevin Martin and center Luis Scola.

The Lakers have been in the hunt for Paul since the beginning, but L.A.'s refusal to include Andrew Bynum in any deal for Paul has prevented talks from advancing. The Lakers prefer to hold on to Bynum as the possible centerpiece of trade talks with Orlando for Dwight Howard. The Hornets are not interested in Gasol (who has three years and $57 million left on his deal), but in the last 48 hours they have put out feelers to try and gauge league-wide interest in the 31-year-old forward."