NBA: Atlanta Hawks at Chicago Bulls
NBA: Atlanta Hawks at Chicago Bulls Reuters

The Chicago Bulls are reportedly close to signing former BYU Cougars shooter Jimmer Fredette, who recently bought out from his contract with the Sacramento Kings, a league insider reported on Thursday.

Fredette is averaging 5.9 points and 1.5 assists in 11 minutes of action per game for the Kings, who will likely hit the lottery once again.

The former College Basketball Player of the Year is not anymore in the Kings' future plan after franchise selected him 10th overall in the 2011 NBA Draft. The Chicago Bulls appears to be the frontrunner for Fredette, who could give the team another weapon beyond the three-point line.

"The Chicago Bulls are closing in on signing former Sacramento Kings guard Jimmer Fredette, according to sources close to the process." ESPN reported.

"Sources told ESPN.com on Thursday that -- while stressing a deal is not yet complete -- serious mutual interest between the sides has made Fredette's landing with Chicago look increasingly likely," the site added.

The Memphis Grizzlies were previously tapped as the leading candidate to take Fredette, but their move to claim Beno Udrih off the waivers suggested that they already changed their plan. The Cleveland Cavaliers have also expressed interest, but the Bulls piqued Fredette's interest the most.

"ESPN.com reported earlier Thursday that the Bulls and Cleveland Cavaliers were expressing the strongest interest in Fredette after the Memphis Grizzlies bowed out of the chase in order to claim former New York Knicks guard Beno Udrih off waivers Wednesday. NBA.com subsequently reported that Fredette was "strongly leaning" toward signing with the Bulls," ESPN added.