Brandon Roy has agreed to a two-year, $10 million deal with the Minnesota Timberwolves, according to sources close to the situation. Roy can officially sign with the Timberwolves on July 11, when the league’s moratorium ends.

The 27-year-old met with Timberwolves brass earlier this week and the two sides reached an agreement on Thursday afternoon, according to sources.

Prior to agreeing to terms with Minnesota, Roy received interest from the Golden State Warriors, Indiana Pacers, Chicago Bulls, Dallas Mavericks and Cleveland Cavaliers, according to sources.

Sources close to the situation say that Roy narrowed down his list to Minnesota and Golden State before finally deciding to join the Timberwolves. Roy has a great relationship with Timberwolves assistant coach Billy Bayno. The two worked together while Roy was with the Portland Trail Blazers. Timberwolves head coach Rick Adelman and general manager David Kahn entered this offseason looking to add a veteran shooting guard to the roster, and Roy fits the mold.

Roy retired last December due to knee issues, but spent the past several months training vigorously for a comeback. Sources close to Roy say he’s feeling fine and capable of being a significant contributor for a team, likely playing close to 20 minutes per night.

During his last season in Portland, Roy averaged 12.2 points, 2.7 assists and 2.6 rebounds in 47 games. Over the course of his five-year career, Roy has averaged 19.0 points, 4.7 assists and 4.3 rebounds. Roy is a three-time All-Star.