According to sources (and this tweet from @Probballdraft), the Lakers and T-Wolves discussions have been about the possible acquisition of point guard Johnny Flynn.
At first glance, Flynn could potentially help address the Lakers obvious concerns at the point guard position. For the Timberwolves, this rumor makes a lot of sense, as their primary focus next season will be to develop soon-to-be rookie point guard Ricky Rubio.
http://lakernation.com/2011/06/lakers-t ... poken-but/