The Cavaliers have been considered the front-runners to sign Dwyane Wade since the 12-time All-Star guard reached a buyout agreement with the Chicago Bulls on Sunday.

But that moved closer to reality on Tuesday, when ESPNís Adrian Wojnarowski reported that Wade plans to sign with the Cavs after he clears waivers on Wednesday.

Even though the Cavs have $2.5 million available, Wade will receive a veteran minimum $2.3 million salary from the Cavs, which helps the team tax-wise.

Wade reportedly also considered the Miami Heat, Oklahoma City Thunder and San Antonio Spurs, with the Heat ($4.2 million) and Spurs ($3.3 million) having more money to offer, according to ESPNís Bobby Marks.

But the lure of rejoining his friend of 14 years, LeBron James, and pursing another title together looks was too strong. Wade and James played together with the Heat from 2011-14, reaching four consecutive NBA Finals and winning two titles.

Wade, 35, the fifth overall pick in the 2003 draft, and James, 32, the first overall pick that year, met at a pre-draft camp and hit it off.

According to Wojnarowski, Wade gave back $8 million of the $23.8 million he was due from the Bulls this season in the buyout as the Bulls forge ahead with a youth movement.

James said during Monday's media day that he might reach out to Wade, although they have talked all summer.

ďI would love to have D-Wade a part of this team,Ē James said Monday. ďI think he brings another championship pedigree, championship DNA. He brings another player to the team who can get guys involved, can make plays and also has a great basketball mind. I think it would be great to have him here and obviously our front office did some great things throughout the summer.

"But itís not up to me. Itís up to D-Wade if he can clear waivers and then itís up to our front office. But I hope we can bring him here.Ē

Cavs center Tristan Thompson said he's known Wade for "a pretty long time," and works out with his trainers in the summer. Thompson was all for the addition of Wade.

"Definitely saw him this summer, he looks good, has been working out, shooting the ball really well. Hall of Fame. Really good player," Thompson said after practice Tuesday at Cleveland Clinic Courts. "Iím all for having more players, more depth, more dogs, guys that want to prove themselves. Definitely welcome him with open arms. If he does show up, Iíll tell him heís late for media day, give him some s--t about that."

Thompson believes Wade would be a great fit in the locker room.

"Heís a guy thatís proven, not just individually, but a team that won three championships," Thompson said. "Heís pretty familiar with most of the guys on our team, whether playing against or playing with. I think heís going to jell pretty well.

"Heís a veteran, heís always been a good locker room guy. Weíve never heard anything bad. It would be great for our team to have another championship-mentality player on our team. Itís just more pieces to the puzzle."