According to Chris Tomasson of FOX Sports, the Chicago Bulls and Phoenix Suns are pursuing free agent SG Michael Redd. Tomasson reports that both teams, though interested in Redd, are waiting for the right circumstances before they make a move:
Phoenix and Chicago are the 2 teams most heavily in the mix for free-agent shooting guard Michael Redd. Suns, who had Redd last season, are waiting to see if Eric Gordon offer sheet gets matched by New Orleans. Bulls are waiting to see what they might due with the July 10 deadlines to guarantee contracts of Kyle Korver, Ronnie Brewer and C.J. Watson.
The 32-year-old guard played 11 season with the Milwaukee Bucks before signing with the Suns in 2011. In the 2011-12 NBA season, Redd appeared in 51 games, averaging 15.1 minutes with a 13.98 player efficiency rating (league average is 15.00).