In addition to LeVert, the Pacers have reportedly acquired a second-round draft pick from Houston.
The Rockets get Oladipo, Cleveland Cavaliers guard Dante Exum, and Nets small forward Rodions Kurucs. They also receive three first-round picks and four first-round swaps from the Nets. Heading to Cleveland from Brooklyn are Jarrett Allen and Taurean Prince.
Oladipo, 28, is set to become a free agent at the end of the season. He moves to Houston following parts of four campaigns with Indiana.
Selected second overall by the Orlando Magic in the 2013 NBA Draft, Oladipo was a two-time All-Star while with Indianapolis. He was named the Most Improved Player of the Year in 2018 to go along with All-NBA third-team and All-Defensive first-team honors.