The Los Angeles Clippers have engaged in trade discussions to bring Lamar Odom back to the L.A. team that drafted him, according to sources close to the situation.
Yet the deal, sources said, could hinge on the willingness of a third team to take on the contract of Clippers veteran guard Mo Williams, which would allow the Dallas Mavericks to send Odom to the Clippers with no significant money coming back to the Mavericks...
...Sources told ESPN.com on Tuesday that one team to express interest in Williams is the Los Angeles Lakers, who still have a trade exception big enough to absorb Williams' contract that they created when they dealt Odom to Dallas.
more info in the link, but this is the meat of it.
UPDATE
Dallas sends LO to Clps, Mo to Utah, draft rights of Furkan Aldemir go to Houston, Dallas gets Jazz trade exception and cash from Rockets.