A person with knowledge of the deal tells The Associated Press that the former All-Star guard has agreed to terms on a two-year, $10.4 million deal to join the Wolves next season. The person requested anonymity because the news has not been officially announced.
The former Portland guard retired before last season because of chronic knee issues. The Blazers used the amnesty clause on the remaining $63 million of Roy's deal to get his salary off of its books, but he received some treatments that prompted him to try to return.
Roy was originally drafted by the Wolves in 2006, but traded to Portland on draft night for Randy Foye.
The Oregonian first reported the agreement.