Updated

LOS ANGELES (AP) A person familiar with the negotiations says the Los Angeles Lakers are getting Spanish guard Jose Calderon and two second-round draft picks in a trade with the Chicago Bulls, who are clearing salary cap space to sign Dwyane Wade.

The person spoke to The Associated Press on condition of anonymity Wednesday night because the trade hadn't been announced.

Los Angeles will give up the rights to a player not currently in the NBA.

The 34-year-old Calderon will be another veteran presence around the young Lakers, who are rebuilding after the worst season in franchise history. Los Angeles also has added Luol Deng and Timofey Mozgov.

Calderon is an 11-year NBA veteran who spent the last two years with the New York Knicks. He was traded to Chicago two weeks ago.