The Grizzlies and the Pelicans have agreed to a trade that will not be finalized until free agency:

Grizzlies send Jonas Valancinis, 17, 51 for Bledsoe, Adams, 10, 40, and a 2022 protected FRP from the Lakers.

For the Pelicans, they save cap space to match an offer for Lonzo Ball and the Grizzlies get more capital while in the midst of building their teams. I would've tried to get a stretch big on the market to try to surround shooting around Zion, but I guess Valancionius helps their rebounding. I like the trade for the Grizzlies, getting a nice haul for Valancionis.