Dunleavy was traded to the Cavaliers on Wednesday, Adrian Wojnarowski of The Vertical reports.

EDGE Analysis

With Dunleavy heading to the NBA Champion Cavaliers, the Bulls clear enough cap space to sign longtime Heat star Dwyane Wade, who agreed to a two-year deal on Wednesday night. Dunleavy, who shot 39.4 percent from behind the arc last season, is the most likely candidate to replace J.R. Smith at shooting guard, should Smith not resign with the Cavaliers. At 35, Dunleavy is coming off a season that was plagued by injury, as he participated in only 31 games after undergoing back surgery in September. While his health will be a concern heading into the season, his new role as a potential starter in Cleveland should be enough to boost his fantasy value.