Updated

The San Antonio Spurs have reportedly reached an agreement with guard Marco Belinelli on a two-year contract, according to multiple reports.

Yahoo! Sports has stated that the deal, which cannot be made official until July 10, is worth a total of $6 million.

Belinelli comes to the defending Western Conference champions after spending last season with the Chicago Bulls, where the native Italian averaged 9.6 points, 2.0 assists and 1.9 rebounds in 73 games as a key reserve.

Selected by Golden State with the 18th overall pick of the 2007 draft, Belinelli has averaged 9.0 points and shot 38.7 percent from 3-point range over six seasons with the Warriors, Toronto, New Orleans and Chicago.

Belinelli's addition may lessen the chances of the Spurs bringing back guard Gary Neal, a restricted free agent who averaged 9.7 points and shot nearly 40 percent from beyond the arc over his three seasons in San Antonio.