Per The Ringer's Kevin O'Connor, executives around the NBA believe the T-Wolves "prefer to trade down or out of this pick to bring in a win-now player to help Karl-Anthony Towns and D'Angelo Russell."
Even though there isn't a unanimous No. 1 talent in this year's draft like Zion Williamson was last year, teams could fall in love with one of the top prospects, like Anthony Edwards or LaMelo Ball, and want to ensure they can add that player to their roster.
Despite posting a 19-45 record last season, Minnesota's roster is constructed in such a way that it needs to compete now.
The Timberwolves made a big splash at the trade deadline in February by acquiring D'Angelo Russell from the Golden State Warriors to pair with Karl-Anthony Towns. That duo was only able to play one game together due to a wrist injury that sidelined Towns until the team's season ended on March 10.
Minnesota has a reasonable payroll for 2020-21 with $96 million on the books, assuming James Johnson exercises his $15.83 million player option. That can give the organization some flexibility to add a quality veteran player making a fairly large salary.
The NBA has yet to announce the 2020-21 salary cap, but John Hollinger of The Athletic reported in June it will likely stay in line with the 2019-20 season ($109 million, $123 million tax line).