The team failed to retain breakout point guard Goran Dragic, but Houston is nonetheless proceeding without Kyle Lowry.
ESPN reported Thursday that the team is closing in on a deal to send Lowry, who has been considered a key trade asset this entire offseason, to the Toronto Raptors in exchange for at least a lottery draft pick.
Specifics of the deal are still being finalized, ESPN notes, but the trade is definitely expected to happen.