Gilbert Arenas And Grizzlies Close To A Deal, According To Report

ORLANDO FL - JANUARY 24: Gilbert Arenas #1 of the Orlando Magic sets up a play during the game against the Detroit Pistons at Amway Arena on January 24, 2011 in Orlando Florida. NOTE TO USER: User expressly acknowledges and agrees that by downloading and or using this Photograph user is consenting to the terms and conditions of the Getty Images License Agreement. (Photo by Sam Greenwood/Getty Images)

The Memphis Grizzlies are close to signing Gilbert Arenas, according to a report on Monday. Pending a physical later this week, Arenas could join the team for the rest of the 2012 season.

Gilbert Arenas has spent the entire NBA season as unsigned free agent, and after briefly flirting with the Lakers, it appears he's finally ready to sign. With the Memphis Grizzlies, not the Lakers. The Memphis Commercial-Appeal broke the news Monday afternoon.

According to the report, the team worked out Arenas Monday morning, and after an impressive showing from the ex-Wizards and Warriors star, the team is moving forward and is ready to sign him. He'll take a physical on Tuesday, and after that, the Grizzlies should be clear to sign him for the rest of the 2012 season.

Memphis has battled injuries so far this season, but with a healthy Zach Randolph to go with Marc Gasol up front, the core of last year's playoff Cinderellas remains in tact. Arenas adds a spectacular wild card off the bench, then, which may not make Memphis into a title contender, but should certainly make things more fun. The NBA would never, ever allow a reality show with Tony Allen, Zach Randolph, and Gilbert Arenas, but it would be truly historic stuff.

For now, we'll wait for the physical Tuesday and see if the dream comes to fruition. Stay tuned for updates, and check out SB Nation's Grizzlies blog, Straight Outta Vancouver.

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