Chicago Bulls have waived point guard Rajon Rondo, which could pave the way for Milos Teodosic with many thinking that it will be his next destination.

The Bulls had been shopping Rondo’s contract ahead of Friday’s decision day on his $13.4 million team option, but to no avail.

The Bulls have also waived guard Isaiah Canaan as well and with Utah Jazz, another team interested in Teodosic’s services leaning towards Ricky Rubio, the stage looks to be set for the Serb.

Since 2011, Teodosic has played for CSKA Moscow and led them to a EuroLeague title and six VTB League crowns.

Photo courtesy of YugoBasket’s Twitter.