
Imago
Jan 23, 2026; Milwaukee, Wisconsin, USA; Milwaukee Bucks forward Giannis Antetokounmpo (34) looks on during the second quarter against the Denver Nuggets at Fiserv Forum. Mandatory Credit: Jeff Hanisch-Imagn Images

Imago
Jan 23, 2026; Milwaukee, Wisconsin, USA; Milwaukee Bucks forward Giannis Antetokounmpo (34) looks on during the second quarter against the Denver Nuggets at Fiserv Forum. Mandatory Credit: Jeff Hanisch-Imagn Images
The Boston Celtics usually keep their big moves a secret. When they traded for Jrue Holiday and Kristaps Porzingis, no one knew until it was done. However, the talk about Giannis Antetokounmpo is now completely public, which might make Boston’s front office uneasy. Meanwhile, the Milwaukee Bucks understand how the modern NBA operates. They watched Damian Lillard sign a big extension with the Portland Trail Blazers and then request a trade. And now, an insider report reveals that the Bucks have a significant tactical advantage they didn’t have before.
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“The Boston Celtics are also on Antetokounmpo’s list,” Brian Windhorst of ESPN wrote. “He’d be willing to extend his contract if he were traded there too, league sources say.”
The insider also mentioned on SportsCenter that talks between the Greek Freak and the Bucks “have intensified over the last seven to 10 days.” This indicates that Boston is no longer just a rumor. They are a genuine option that shifts the entire trade dynamic. Milwaukee has been negotiating with the Miami Heat for months, but now that Giannis has an affinity for Boston too, his current team can demand much more in a trade.
But a trade to the Celtics is very difficult for three reasons.
Firstly, Antetokounmpo and his representation “have definitely tried to have a seat at the table during this process, a fact that makes the Celtics uncomfortable,” according to Windhorst. Their president of basketball operations, Brad Stevens, likes total silence and control. They do not like agents running things.
Secondly, any potential deal would involve breaking up Jaylen Brown and Jayson Tatum, one of the most successful duos in recent Boston history, along with all the internal fallout that would bring.
Thirdly, it would require Boston to completely change its style of play.
Even though the Celtics don’t need to gut their roster as much as other contenders to get Giannis, they’d take trading Brown very seriously. Interestingly, the Greek Freak does have some connection to Boston. Back in February, he surprised the fanbase by mentioning he had spoken with Joe Mazzulla. He then praised the coach’s mentality. This report from The Athletic’s Sam Amick and Eric Nehm further supports the idea that there is some chemistry.

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“If Antetokounmpo would be willing to sign the four-year, $275 million extension in Boston, as league sources indicated would be the case, the Celtics pose a serious threat to the Heat’s pursuit,” Amick and Nehm wrote. “Celtics star Jaylen Brown is widely believed to be the most prominent player who would come the Bucks’ way in that deal, though rival teams expect that Milwaukee would trade the 29-year-old forward again for younger players and draft picks.”
Now, Stevens is recognized for handling trades smoothly. Holiday once expressed admiration for the mature way the Bucks president approached trade talks with the Trail Blazers last offseason.
“Sometimes, that’s an individual conversation depending on who it is, and sometimes, it’s an agent conversation,” Stevens said of his process. “But the bottom line is you can’t always do this in this world, so I don’t want to say it’s a thing that you always should expect or can do, but if we know that there’s likely to be a move we try to at least communicate it in advance, or at least there’s an attempt to be a move, right? Those are hard phone calls.”
Despite completely bottling a 3-1 lead in the past postseason, there isn’t a need for the Celtics to do anything drastic. That’s also because they weren’t expected to go deep into the playoffs without Jayson Tatum, who ended up making a surprise return. So, while the sentiment behind keeping this group together and aiming for a championship in the future stands strong, there’s also a train of thought about cashing in on an MVP-caliber player while his value is at its peak.
It is also important to note that Pat Riley’s Miami front office has been gradually making progress, even though no trade has occurred yet.
“Miami has been able to improve what it can offer since the trade deadline and can send a package headlined by the No. 13 pick in next week’s draft plus various rotation players, namely Wisconsin native Tyler Herro, and prospects,” Windhorst wrote. “The Bucks might have to take it if they are resigned to trading their franchise icon. But they also know there’s no bonus for speed, they’re well aware this move could define the next decade in Milwaukee.”
Another overall issue that might crop up is that the Bucks are going to need a third, or maybe even a fourth, team to either swap players or assets, or simply serve as an unloading destination to make a trade work. So, what’s the bigger picture?
The stumbling blocks are real, but so is the interest on both sides for Giannis Antetokounmpo
What makes Brian Windhorst’s reporting particularly significant is not just what it confirms, but what it rules out. The Celtics are not a passive rumor. They have been cleaning up their roster for a year, cleared cap space, avoided strict tax rules, and saved draft picks. It looked like they were just cutting down, but what if they were actually preparing for a mega-trade?
The Bucks are aware that a third or fourth team may need to be involved to make the deal work. That complexity is not unique to the Celtics, but Boston’s preference for silence and control makes the multi-team dynamic especially difficult to manage on their terms. The only time they allowed this was during the 2023 Kristaps Porzingis trade. They would hate to do it again, but if you’re getting a world-beater in return, then they probably will.
The Heat are still the favorites because they have worked on this for months. But Giannis saying he will stay in Boston long-term keeps the door open. The Bucks know extensions no longer guarantee loyalty… But having Boston in the race gives Milwaukee the power to get the best deal possible.
Written by
Edited by

Arunaditya Aima
