A report on Wednesday that the Phoenix Suns would waive Chris Paul took the NBA world by storm, prompting speculation on social media about the future of the point guard.

Some odds have also been released as to where Paul could end up, should he indeed be released by Phoenix and become an NBA free agent.

And those odds are very interesting.

BetUS.com has the Los Angeles Lakers and Los Angeles Clippers as the favorites to land Paul for next season, should he in fact become a free agent.

More: Chris Paul waived by Phoenix Suns report brings out mixed reaction on NBA Twitter

Lakers, Clippers favored to be next team for Chris Paul

It puts the Lakers at +250 and the Clippers at +400.

It has the Minnesota Timberwolves at +500 and the Philadelphia 76ers at +550 in its odds, with the Milwaukee Bucks at +700 and the Chicago Bulls at +800.

The Miami Heat are at +900 and the Houston Rockets are at +1000.

More: Phoenix Suns 'exploring' options with Chris Paul with waiving him being one of them, sources say

Odds that Chris Paul stays with Phoenix Suns

There is still a chance, however, that Paul returns to the Suns in 2023, as the team has not yet waived him and The Arizona Republic's Duane Rankin reported that the team was "exploring" options with the point guard on Wednesday.

BetUS.com has the Suns at +1000 to be Paul's team next season, tied with the Rockets for eighth.

More odds for Chris Paul's next team

Several other teams are included in BetUS.com's odds to be Paul's next team, albeit as longshots.

The New York Knicks and Boston Celtics are both at +1200. The Dallas Mavericks are given odds of +1400.

The Charlotte Hornets and Atlanta Hawks come in at +3300, with the Portland Trail Blazers and New Orleans Pelicans at +4000.

The final team in the odds? The Detroit Pistons, coached by former Suns coach Monty Williams, are given odds of +5000.

More: Phoenix Suns have few good options to keep Chris Paul; Lakers look like his next stop

Other Chris Paul next team odds

PointsBet SportsBook had some different odds for Paul's team next season, and it interestingly did not include the Suns as an option.

It has the Lakers as the favorite to land Paul at +225, with the Clippers second at +450.

The 76ers were at +700 and the Bucks were at +800.

The Timberwolves rounded out the Top 5 at +900.

Where will Chris Paul end up playing in 2023-24?

Reach Jeremy Cluff at jeremy.cluff@arizonarepublic.com. Follow him on Twitter @Jeremy_Cluff.

Support local journalism: Subscribe to azcentral.com today.

This article originally appeared on Arizona Republic: Chris Paul next team odds: Lakers, Clippers, staying with Suns options