Paul Millsap and Eric Bledsoe are considered to be among the NBA’s most valuable trade options. (Noah Graham/NBAE via Getty Images)

The Jazz has piqued the interest of the Clippers in a proposed trade that could include Los Angeles point guard Eric Bledsoe and Utah forward Paul Millsap, according to sources in an ESPN.com report.

Although two sources with knowledge of the Clippers’ thinking insisted during All-Star Weekend that Bledsoe would not be moved in coming days and strongly predicted L.A. would stand pat, two other sources indicated the Clippers and Jazz will at least discuss the feasibility of a trade headlined by Bledsoe and Millsap before the deadline.

The Clippers are reportedly reluctant to part with Bledsoe until point guard Chris Paul is signed to a long-term extension, possibly in July. Bledsoe, 23, is also under contract until he becomes a restricted free agent following the 2013-2014 season.

Millsap, 28, could add a young front-court option to the Clippers’ expected playoff run, and bring youth to a Jazz point guard rotation — Mo Williams, Jamaal Tinsley and Earl Watson — that’s long-in-the-tooth.

Bledsoe has also been linked to a trade involving the Celtics sending forward Kevin Garnett to the Clippers.

Paul Millsap is expected to decline a contract extension from the Jazz to enter free agency after next season. (Melissa Majchrzak/Getty Images)

The Utah Jazz have offered forward Paul Millsap a three-year, approximately $25 million extension that he is expected to decline to enter free agency next offseason, The Salt Lake Tribune’s Brian T. Smith reported Saturday. From Smith’s report:

Initial indications are Millsap won’t agree to the extension, though, preferring to enter free agency in 2013 with plans to cash in on an inflated 2012 market that saw mid-tier forwards such as Gerald Wallace, Andrei Kirilenko, Nicolas Batum and Ryan Anderson recently receive lucrative multiyear contracts.

The 27-year-old Millsap is entering the last year of a four-year, $32 million deal that was controversial at the time the Jazz signed him. The Jazz matched the offer, which was frontloaded by the Portland Trail Blazers.

But Millsap has become one of the Jazz’s most important players. He has started all but two of the 140 games in which he’s appeared over the last two seasons for the Jazz. Last season, he averaged close to a double-double at 16.6 points and 8.8 rebounds per game.

It’s easy to see why Millsap would opt for free agency with the Jazz’s current offer. If he becomes a free agent, he would be eligible for a four-year deal from another team — and a five-year deal from the Jazz.