With the Warriors and Raptors in hot pursuit and the Bulls coveting North Carolina forward Harrison Barnes, it looked like the Bulls would pull the trigger if they could secure a lottery selection, per the Chicago Tribune.
But as the draft approached, Barnes' stock supposedly rose and the Bulls got cold feet.
Hindsight being 20-20, I bet they are regretting their decision after watching Barnes fall to No. 7 and the Warriors happily scooping him up.
And now the post-draft period has been one of radio silence, as most experts now expect Deng to stay with Chicago for at least another season.
But the fact of the matter remains: The Bulls are probably better off trading Deng if they can get equivalent value or young talent to develop around injured star Derrick Rose.
With that in mind, here are five trades that would work for both the Bulls and their trade counterparts.
(Note: We'll be using ESPN's Trade Machine for all proposed deals.)