Former NBA player Arron Afflalo is renewing the bid from his ownership group to purchase the Minnesota Timberwolves, according to Marc Stein of the New York Times.

Tech entrepreneur Marc Lore and former baseball star Alex Rodriguez had an exclusive 30-day negotiating window with current owner Glen Taylor, but the period expired without a deal, per ESPN's Brian Windhorst. Lore and Rodriguez reportedly continue to negotiate with a final purchase price expected to be around $1.5 billion.

Read More - Group including Alex Rodriguez has not reached deal to purchase NBA's Minnesota Timberwolves

Afflalo was initially part of a bid to purchase the team last July, with the 35-year-old considered the "face of the group," per Pat Graham and Dave Campbell of the Associated Press. Venture capitalist Brock Berglund was considered the primary financial backer of the group.