Monta Ellis has told friends that he is interested in playing for the Grizzlies, according to Bucks beat writer Gery Woelfel.
Monta Ellis will opt out of his contract and test free agency, sources told ESPN's Chris Broussard.
Sources tell the Journal-Sentinel that Monta Ellis recently turned down a two-year extension offer from the Bucks.
Monta Ellis has reportedly "told associates he's bolting Milwaukee" in free agency.
Monta Ellis' interest in joining the Sacramento Kings as a free agent became much stronger with hiring of Mike Malone as coach, according to Yahoo! Sports.
There is a "rising belief" that the Bucks would prefer to re-sign Monta Ellis over Brandon Jennings, according to ESPN's Marc Stein.
A "member of the proposed ownership group trying to keep the Kings in Sacramento has done some background checking on (Monta) Ellis," sources told CBS Sports.
Monta Ellis must decide whether to exercise his $11-million player option by June 20.
Monta Ellis was non-committal regarding his player option for next season.
Monta Ellis was the only member of Milwaukee's starting five to shoot over 33 percent from the field, making 10-of-20 from the field for 21 points with five boards, eight assists, one steal and one 3-pointer during a season-ending 88-77 loss to Miami on Sunday.
Monta Ellis shot 2-of-9 from the field for seven points with six assists, three steals and one 3-pointer in 40 minutes during a Game 3 loss to the Heat.
Monta Ellis hit 10-of-19 shots and a 3-pointer for 22 points, four rebounds, three assists and four steals in Sunday's Game 1 loss to the Heat.
Monta Ellis started for the Bucks on Wednesday, but played just 11 minutes before leaving with two points.
Jim Boylan said he could possibly limit some of his regulars for the regular season finale on Wednesday.