The Houston Rockets are trading Jordan Bell to the Memphis Grizzlies for Bruno Caboclo, according to Adrian Wojnarowski.
The teams also exchanged second-round picks.
Bell was recently acquired by the Rockets from the Minnesota Timberwolves in the massive four-team deal.
Bell, 25, has played in 27 games this season, averaging only 8.7 minutes per game.
Caboclo, 24, has played 22 games this season, as he has dealt with a bone bruise in his knee.
Both players are still young and could be intriguing players off the bench for their new teams.