The Toronto Raptors have entered the conversation as a potential destination for Giannis Antetokounmpo, according to Toronto Star reporter Doug Smith, who revealed there is “mutual interest” between the two-time MVP and the Eastern Conference franchise.
The report comes as the Milwaukee Bucks weigh a roster reset, with NBA insider Marc Stein noting the team has discussed using the 2025–26 season as a “gap year” to retool around the 30-year-old forward.
Antetokounmpo, under contract through 2026–27 with a player option the following year, has reportedly become open-minded about his long-term future with the franchise he’s led since 2013.
Toronto, despite missing the playoffs for a third straight season and finishing 30–52, may be one of the few teams capable of making a competitive offer without dismantling their foundation.
Smith pointed out that the Raptors’ depth at the wing positions—featuring players like Gradey Dick, Ochai Agbaji, RJ Barrett, Ja’Kobe Walter, and Jonathan Mogbo—could allow the team to part with talent while still retaining a strong supporting cast.
The Raptors also own all their future first-round picks, giving them flexibility to structure a trade that includes multiple years of draft capital.
The Bucks, who were eliminated in the first round by Indiana for the second straight year, ended the season 48–34 amid injuries and inconsistent performance.
Trading Khris Middleton to Washington during the season signaled a partial pivot from their veteran-heavy core, despite winning the NBA Cup in December.
Antetokounmpo averaged 30.4 points, 11.9 rebounds, and 6.5 assists this season while shooting 60.1 percent from the field.
Toronto’s front office may see the opportunity to acquire a superstar as timely, especially during the franchise’s 30th anniversary season, and could be motivated by the chance to replicate the success of their 2019 title run.
