On Monday, the 76ers announced they waived Bogut.
Shams Charania of The Vertical initially reported the contract buyout and noted Bogut is "evaluating contenders" for a potential deal.
Bogut came to Philadelphia in the trade that sent Nerlens Noel to the Dallas Mavericks, where Bogut started the season. Bogut has also played for the Milwaukee Bucks and Golden State Warriors since he entered the league as the No. 1 pick in the 2005 draft.
Stein listed the Cleveland Cavaliers, San Antonio Spurs, Houston Rockets and Boston Celtics as teams Bogut will talk with as possible destinations. Stein also called the Cavaliers the favorites but noted the Australian native must wait until he clears waivers Wednesday to sign.
Jason Lloyd of the Akron Beacon Journal added to the Cleveland writing on the wall and said the Cavaliers "have long had their eye on" him. What's more, Tim MacMahon of ESPN cited two Mavericks sources who expect Bogut to head to Northeast Ohio.
Whoever lands Bogut will acquire a frontcourt presence who played just 26 games this season for the Mavericks. He is averaging three points and one block a night but he is still rebounding at 8.3 boards in 22.4 minutes per game.
Bogut was also All-Defensive Second Team in 2014-15 and has averaged 1.6 blocks a game in his career.
The Cavaliers are a solid but unspectacular 13th in the league in rebounding differential, per ESPN.com, and are without Kevin Love, who is dealing out with a back injury. Bogut would give them another rebounding presence in the frontcourt rotation heading into the stretch run and playoffs.
There is also a subplot in play if he signs with Cleveland since he was a member of the Warriors in the last two NBA Finals showdowns with the Cavaliers. He suffered an injury in last year's Game 5, which was one of many reasons the Cavaliers were able to overcome a 3-1 deficit.
He could be a featured part of the clash between the two teams again if they meet in this year's Finals.