Photo: Peter Baba

The Miami Heat continue to signal confidence that they can position themselves for a potential trade pursuit of Giannis Antetokounmpo, according to NBA insider Marc Stein. As the February 5 trade deadline approaches, Miami is increasingly viewed by league executives as a team that believes a deal is possible.

Stein reported Tuesday that Miami remains the most common answer among executives when asked which team could realistically attempt to acquire the Bucks star. The reporting emphasized that the Heat are projecting internal belief they can “craft a pathway” to Antetokounmpo, even amid significant logistical hurdles.

Milwaukee’s situation has fueled league-wide speculation. The Bucks are 18-27 and sit 12th in the Eastern Conference, far outside the playoff picture, while Antetokounmpo remains sidelined with a calf strain expected to keep him out four to six weeks.

Before the injury, the two-time MVP was producing at an elite level. The 31-year-old averaged 28.0 points, 10.0 rebounds, and 5.6 assists through 30 games while shooting 64.5 percent from the field.

Stein’s reporting suggests Miami’s internal posture is notable around the league. The Heat are 25-22 and seventh in the East, positioning them in the play-in range rather than the title picture, but organizational belief appears focused on long-term upside rather than short-term contention.

Other teams with assets continue to monitor Milwaukee closely. ESPN’s Bobby Marks has identified at least 10 franchises capable of constructing legal trade frameworks, including Atlanta, Detroit, Houston, and Oklahoma City, each offering varying combinations of draft capital and young talent.

Still, league sentiment remains cautious. Several executives expect Milwaukee to delay any major decision until the offseason, when Antetokounmpo’s health, market clarity, and asset competition could drive a stronger return. Zach Lowe noted earlier this week that teams in the East pursuing Antetokounmpo may not be positioned to win a championship this season even after a trade.