Cleveland.com reporter Joe Vardon says people in James' camp believe Wade will choose the Cleveland Cavaliers.
"As of right now, people close to James are fairly confident that, at some point this year, Dwyane Wade is going to end up on the Cavs," Vardon said on the Wine and Gold Talk Podcast.
Wade and James famously partnered up in Miami and made four consecutive runs to the Finals, producing two championships. In 2014, James took his talents back to Ohio, and Wade left South Beach two years later when a messy round of contract negotiations led him to join his hometown Bulls.
Teaming up with James would give Wade a realistic shot at adding a fourth ring to his resume. James has remained at the peak of his powers, but the 35-year-old Wade is clearly in the decline phase of his career.
But there's a few more hurdles that need to be crossed before any reunion is satisfied. Wade would first need to negotiate a buyout with a famously stingy Bulls organization, then accept the minimal money Cleveland can offer to switch cities for the second time in two years.
But the addition of Wade would undoubtedly give the Cavaliers a much-needed boost after an unproductive offseason. Although he's past his prime, Wade still averaged 18.3 points, 4.5 rebounds, and 3.8 assists last season.