Adrian Wojnarowski of Yahoo! Sports reports that the latest sign-and-trade in the NBA appears to be close to completion:

Hornets, Suns, Wolves are nearing agreement on a 3-way deal that would send Robin Lopez to the Hornets in a sign-and-trade, sources tell Y!—
Adrian Wojnarowski (@WojYahooNBA) July 24, 2012

Along with Lopez, Suns would send Hakim Warrick to Hornets. Minny would send Wesley Johnson and a 1st round pick to the Suns, sources say.—
Adrian Wojnarowski (@WojYahooNBA) July 24, 2012

At least part of package back to Minny would include Brad Miller (his contract), Jerome Dyson and draft picks, sources say.—
Adrian Wojnarowski (@WojYahooNBA) July 24, 2012

For Wolves, deal clears cap space and apparently is a prelude to another potential signing or deal, sources say.—
Adrian Wojnarowski (@WojYahooNBA) July 25, 2012

Several league executives believe Minnesota is pursuing free agent Andrei Kirilenko. He's no longer considering Brooklyn, sources say.—
Adrian Wojnarowski (@WojYahooNBA) July 25, 2012

Robin Lopez is the less talented of the Lopez twins, but he is still an athletic defender and rebounder. (He averaged 5.4 points and 3.3 rebounds in just 14.0 minutes per game last season.) His presence would allow the Hornets to have a big body to pair with No. 1 pick Anthony Davis and give the team a stout back line of defense.

Hakim Warrick and Wesley Johnson — two former Syracuse Orangemen — have not met with much success in the NBA, hence the first-round pick obtained by the Suns could turn out to be the most valuable piece of this trade.

Wojnarowski first reported early Tuesday morning that the Hornets and Suns were trying to hash out a deal.