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Ricky Rubio has been in trade talks dating back to two summers ago. This past trade deadline, the Knicks and Wolves discussed a deal centered on Derrick Rose and Ricky Rubio, which ultimately fell through.

Now, a report from Basketball Insiders and ESPN state that the Wolves and Rubio both are ready to move on and that the Knicks could be interested (again)

From Basketball Insiders:
The worst-kept secret in the NBA is that the Timberwolves are ready to move on from guard Ricky Rubio, and it seems that Rubio may feel the same way. The Wolves entertained a few things last summer involving Rubio and revisited his trade value at the trade deadline back in February. The problem with moving Rubio around the draft is that he counts $13.5 million against the cap in trade at the draft. That number increases to $14.25 million in July, but some teams would have cap space to offset that number. Rubio has one more season after next on his deal, making the remaining debt to Rubio two years and roughly $29 million.

From ESPN:
There’s another guard who is on the Knicks’ radar though — and he isn’t draft eligible. Some members of the organization would again like to try to pursue Minnesota’s Ricky Rubio in a trade this offseason, sources said. The Knicks were close to completing a deal shortly before the trade deadline centered around Derrick Rose and Rubio. Talks continued until shortly before the deadline.