According to Andy Katz (via Eric Marentte) Sebastian Telfair is off to Boston in exchange for the #7 pick and maybe Dan Dickau. We'll see if it's true soon enough.
Update: Word is that the trade might also include Raef LaFrentz, which would mean that someone else with salary would have to be involved. Best guesses are Theo or Miles, either of which would be a good thing for the Blazers.
Update: According to HoopsHype, Raef is set to make $10,905,000 in 06/07, $11,813,750 in 07/08, and $12,722,500 in 08/09, so if he is involved, it would probably be for Theo or... Zach. I'm not sure how good the deal is at that point. Agents are miracle workers.
Update: Reports are that the trade involves Theo. Take that with a grain of salt.
Update: According to Mike Barrett on Courtside Live, the trade as it's being reported is "incorrect." It's hard to know what to make of that since there have already been about three different incarnations, but interesting nonetheless.
Update: David Locke out of Seattle is reporting that the Blazer's have aquired the #2 pick. If it's to get Aldridge, then great. If it's to get Morrison, then I don't know. Who knows if that's true or not though.
Update: ESPN is saying that the deal is Telfair and Ratliff for Rael LaFrentz, Dan Dickau, and #7.
Update: The way Mike Barrett is talking, it sounds like if the Raptors take Barg, that the Blazers will trade for the #2 pick to get Aldridge.