Per ESPN's Tim MacMahon, some executives around the league believe the Dallas Mavericks are a "fallback option" for Iguodala because they could offer Courtney Lee and the 2020 second-round draft pick they previously acquired from the Golden State Warriors.
MacMahon noted the Mavericks sources are doing their best to refute the offer of Lee and the second-round pick.
Iguodala has yet to play for the Grizzlies this season after being acquired from the Warriors in July.
Rather than simply buy out Iguodala, Memphis agreed to let the 2015 NBA Finals MVP train on his own while the team explores trade options with a "mutual understanding ... that the situation may not reach a resolution until well into the season," Chris Herrington of the Daily Memphian reported in September.
In October, ESPN's Adrian Wojnarowski reported on The Lowe Post (h/t NBC Sports Bay Area's Drew Shiller) that Iguodala wanted to join the Los Angeles Lakers or Los Angeles Clippers if Memphis bought him out.
The Mavs are in the market for help on the wing behind Dorian Finney-Smith. Justin Jackson has been an option off the bench for head coach Rick Carlisle, but he's only shooting 39.9 percent from the field.
Iguodala shot 50 percent last season with Golden State. The 36-year-old only averaged 5.7 points per game, but his primary value comes on the defensive end where he can match up with the best scorer on opposing teams.
The Mavericks hold the No. 6 seed in the Western Conference with a 29-18 record.