BREAKING: Orlando Magic trade J.J. Redick to Milwaukee Bucks

The Atlanta Hawks have reportedly pulled out of a potential deal which would send Josh Smith to the Milwaukee Bucks:

Atlanta is out of three-way talks with Orlando and Milwaukee, source tells Y! Sports.

— Adrian Wojnarowski (@WojYahooNBA) February 21, 2013

However, multiple sources have reported that J.J. Redick is now traded to the Bucks. We will update with the details of the deal as soon as they are made public.

Update: According to Adrian Wojnarowski, Redick is going to Milwaukee as part of a three team deal:

The Redick deal is part of a three-way trade with Charlotte. As @spearsnbayahoo reported, Hakim Warrick goes to Magic for Josh McRoberts.

— Adrian Wojnarowski (@WojYahooNBA) February 21, 2013

Ken Berger has the details on what the Bucks send to the Orlando Magic:

Magic send J.J. Redick, Gustavo Ayon and Ish Smith to Bucks for Beno Udrih, Doron Lamb and Tobias Harris, league source says.

— Ken Berger (@KBergCBS) February 21, 2013

Update 2: Adrian Wojnarowski has apologized, clearing up the fact that the two deals were separate.

@VytisLasaitis