Gilbert Arenas Rumors Tracker: Latest Updates for Free-Agent Guard

Richard LangfordCorrespondent IFebruary 29, 2012

ATLANTA, GA - APRIL 28:  Gilbert Arenas #1 of the Orlando Magic against the Atlanta Hawks during Game Six of the Eastern Conference Quarterfinals in the 2011 NBA Playoffs at Philips Arena on April 28, 2011 in Atlanta, Georgia.  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 Kevin C. Cox/Getty Images)
Kevin C. Cox/Getty Images

Former All-Star Gilbert Arenas is ready to come back to the NBA. Prior to the start of this season, the Magic flexed their amnesty clause and cut Arenas loose. 

Prior to the All-Star break, Arenas had a workout for the Los Angeles Lakers. Nothing has come out of that workout, but Arenas admits he was not yet ready to come back at that time. 

Update: Wednesday, March 7 at 5:13 PM EST

On February 19th ESPN's Chris Broussard reported,

"I'm also told the Lakers may sign Gilbert Arenas after the All-Star break (now) or the trade deadline. Arenas, according to a source, was "explosive'' and "had his athleticism back'' during his recent workout with the Lakers."

Here we are a week later and still, all remains quiet. While there is still a potential Arenas to LA move in the works, all remains quiet on the Lakers' front.

Initial Update:

Arenas talked about that with, and Sam Amick quotes him here:

So where did you leave things with the Lakers after your workout?

Arenas: That was kind of weird, the situation. I was actually training in New York, and my agent, Dan Fegan, told me to come out and work out for the Lakers. My whole thing is, I don't want to play for anybody until I'm finished rehabbing and finished doing what I need to do, so that's not going to happen until at least All-Star break. So I decided, Well, I'll just go out there and work out. 

Well, it is now after the All-Star break and there is reason to believe Arenas is in shape and ready to go. 

Matt Moore of CBS Sports relayed this message from his former teammate Nick Young. 

Yea, he’s been working out. He said he got the—I don’t know if I’m supposed to say this—but he got that Kobe treatment on his knees…

Yea, yea… you could say it’s the Kobe System, but he said it feels great, his knees feel great, and he’s been working out. When I seen him last time, he looked like he was in shape. He lost a lot of weight.

Arenas also posted this video of him dunking to show he is getting his explosion back. 

If Arenas is healthy and in shape, he will be able to help plenty of teams. Interest should pick up on "Agent Zero," and we'll have all the latest rumors on where he might land. Be sure to check back regularly for the latest updates.