Memphis wants to include forward Tayshaun Prince into the package and the deal could be expanded to include guard Tony Allen, league sources told Yahoo Sports. Components of a proposed deal are still fluid.
Memphis has been furiously trying to unload Prince and the remaining $7.2 million (2013-'14) and $7.7 million (2014-'15) on his contract, league sources said.
Minnesota general manager Flip Saunders is believed to want to add defensive toughness to his roster, and that would make Allen a natural to fill the Wolves' void.
Budinger, 25, missed much of the early season recovering from knee surgery, and has averaged six points in 17.7 minutes per game this season.
Barea, 29, is averaging 8.7 points in 18 minutes per game this season.