However, Parker is a restricted free agent as of the moment, meaning any offer the Bulls put on his table, the Bucks have the option to match it in order to retain the swingman.
Though Parker has alternated between power and small forward, the Bulls' initial plan is to start him at small forward, a position of need.
Parker, who was drafted No. 2 overall by the Milwaukee Bucks in 2014, could switch teams if he signs an offer sheet by another team. Parker played in just 31 games past year.
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Their roster could use help at small forward too, considering the lineup most often used by Chicago featured Denzel Valentine at small forward.
Parker is from Chicago and the Bulls are one of the only teams with cap space.
Parker has averaged 17.9 points, 6.4 rebounds and 1.1 steals per 36 minutes during his career. Maybe the Milwaukee Bucks made a decision to give Parker a sizable deal, or maybe another team will swoop in and pay the 25-year-old wing. It seems that the Bulls are preparing to make a splash in the next few days, as reported by KC Johnson.