According to a Timberwolves source, the Bulls made a “significant offer’’ Wednesday morning for Kevin Love, and it’s an offer that is being “heavily considered.’’

The source said that the two headlining names in the package were Taj Gibson and Doug McDermott, “as well as a few other assets.’’

There was a report that Nikola Mirotic was also involved, but the source could not confirm that.

The Bulls continued being very mum on any trade talks.

If McDermott is involved, the deal would have to wait 30 days until after McDermott signed his rookie contract, which just so happened to be on Tuesday.

As far as how the last 24 hours transpired to get the new deal on the table, as of Tuesday night, the Bulls were contacted by Minnesota and informed that the Cleveland Cavaliers had the best deal on the table, but it wasn’t enough to sway them just yet.

Knowing that the window on a title is now, the Bulls upped the ante in the morning.

According to the source, the Bulls have been using backchannels with Love to figure out his desire this season, as well as after the season when he could become a free agent, and feel that he would indeed do something long-term with them.

As far as the Minnesota side of it, the Timberwolves feel like they need to compete in the Western Conference now, rather than an entire rebuild that the Cleveland package would result in.

Email: jcowley@suntimes.com

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