Updated

Brooklyn, NY (SportsNetwork.com) - Kevin Garnett is on his way back to the Twin Cities.

Garnett agreed to waive his no-trade clause with Brooklyn and was dealt to the Minnesota Timberwolves in exchange for forward Thaddeus Young on Thursday.

Garnett was selected by the Wolves with the fifth overall pick of the 1995 draft, coming straight out of high school. He spent his first 12 NBA seasons in Minnesota before a six-year stint in Boston and was in his second season with the Nets.

The South Carolina native, who will be 39 years old in May, averaged 20.5 points and 11.4 rebounds in 927 games with the Timberwolves from 1995-96 through 2006-07. He was the face of the franchise during his stay in Minneapolis, earning an All-Star berth 10 times while also capturing the 2003-04 NBA MVP honor.

However, the team made just one deep playoff run, reaching the conference finals during his MVP season, and the Wolves dealt Garnett to Boston before the 2007-08 campaign. He helped the Celtics to the NBA championship in his first season and Boston also reached the NBA Finals in 2010, falling to the Los Angeles Lakers.

In his second season with Brooklyn, Garnett was averaging 6.8 points and 6.8 rebounds in 42 games. He averaged a career-low 6.5 points last season.

The Wolves have not reached the playoffs since Garnett left.

Young was in his first year with Minnesota after playing his first seven seasons with Philadelphia. He was sent to the Wolves last summer as part of the three-team deal that involved Kevin Love going from Minnesota to Cleveland.

The 26-year-old Georgia Tech product is averaging 14.3 points and 5.1 rebounds in 48 games this season. He owns career averages of 13.8 points and 5.5 rebounds in 564 games.