Nets understood to be interested in acquiring Jack.
The Brooklyn Nets are reportedly in discussions with the Cleveland Cavaliers over a trade deal which would involve Jarrett Jack and Jason Terry moving teams.
According to ESPN, the initial interest has originated from the Nets who wish to add Jack to their roster, and have as a result included Terry in trade discussions ahead of the deadline on February 20.
It is understood that Brooklyn are interested in upgrading their bench and backcourt, and see Jack as an ideal addition despite his struggles since moving to Cleveland from the Golden State Warriors last summer.
The Nets (24-27) are currently three-and-a-half games adrift of the Toronto Raptors at the top of the Atlantic Division, but have successfully put themselves back in a position to reach the playoffs this season.
Meanwhile, the Cavaliers have struggled this year both on and off the court and will be looking to pick up some form after the All-Star break and see where the campaign takes them.
Jack, 30, is averaging just 8.5 points on 39.7 percent shooting in 25 minutes per game in his first season in Cleveland, and it is understood that the Nets are willing to take on two remaining guaranteed seasons worth in excess of $12m left on his contract despite luxury-tax implications.
However, it is understood that the Cavs would want to find a third team to take on Terry’s contract, as the 36-year-old has one season left on his current deal after this year worth $5.85m, and he is averaging just 4.5 points and 36.2 percent shooting in 16 minutes per game.
Brooklyn are also said to be in discussions with the Los Angeles Lakers over forward Jordan Hill, and it is expected that they will have a busy final few days ahead of the deadline on Thursday.