Veteran center Deandre Ayton has agreed to sign with the Los Angeles Lakers following his buyout from the Portland Trail Blazers, per ESPN's Shams Charania.

Former No. 1 overall pick Deandre Ayton, who finalized a buyout with the Blazers on Sunday, has agreed to sign with the Lakers, sources told ESPN.

The Los Angeles Lakers are signing veteran forward Deandre Ayton to a one-year, $34 million deal, according to a report from ESPN's Shams Charania. NBA insider Marc Stein was the first to report on Wednesday that rival executives expected Ayton to sign with the Lakers upon formally clearing waivers at 5 p.m. ET.