Reserve forward Austin Daye has agreed to a two-year contract with the Raptors, according to Yahoo! Sports.
The Grizzlies did not send a qualifying offer to Austin Daye, making him an unrestricted free agent.
Austin Daye was deactivated for the Grizzlies on Saturday, replaced in the active lineup by Donte Greene.
Austin Daye is happy with the Grizzlies and said that Lionel Hollins gives him "great insight" and "confidence."
Austin Daye's role with the Grizzlies increased again on Sunday, as he notched 16 points on 6-of-9 shooting in 25 minutes off the bench.
Austin Daye played five minutes in his Memphis debut on Friday.
Austin Daye is not expected to play on Thursday, but should be available for the Grizzlies on Friday.
G/F Austin Daye will reportedly be traded to the Grizzlies, along with Tayshaun Prince, in exchange for Jose Calderon.
Austin Daye went scoreless in 11 minutes during Sunday's OT loss, just one game after he scored a season-high 20 points.
Austin Daye was hot in Friday's win over the Hawks, shooting 9-of-11 from the field for 20 points with six rebounds, one assist and two 3-pointers in 22 minutes.
Austin Daye had 13 points, two rebounds, two assists and two 3-pointers in 21 minutes off the Pistons bench on Tuesday.
Austin Daye scored 11 points on 4-of-5 shooting (including two threes) with four rebounds, two assists, and two blocks in 29 minutes on Friday against the Heat.
Austin Daye played a season-high 32 minutes and had eight points, 11 rebounds and two 3-pointers as the Pistons lost to the Hawks.
The Pistons are actively shopping F Austin Daye, a source told Yahoo! Sports' Marc J. Spears.