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The deal reunites Jimmy Butler, 27, with Wolves coach Tom Thibodeau.
The Philadelphia 76ers have put The Process in the hands of Washington guard Markelle Fultz.
Two people with knowledge of the situation tell The Associated Press that the Chicago Bulls have traded three-time All-Star Jimmy Butler and the 16th overall pick to the Minnesota Timberwolves for Zach LaVine, Kris Dunn and the No. 7 overall draft pick.
The Philadelphia 76ers selected guard Markelle Fultz on Thursday night with the No. 1 pick in the NBA draft.