July 26th, 7:10 PM CT, Update: Bob Finnan of the Cleveland News-Herald says that Sebastian Telfair will also be included in the deal, giving Minnesota another point guard to have on the roster just in-case something happens to Flynn or Ridnour. Finnan also says the Cavs will receive a second round pick in 2013.

The Cleveland Cavaliers are close to completing a deal with the Minnesota Timberwolves for Ramon Sessions, according to Brian Windhorst of the Cleveland Plain Dealer. Cleveland would also receive reserve center Ryan Hollins in return for Delonte West.

According to multiple league sources, the Cavs have entered advanced talks with the Minnesota Timberwolves for guard Ramon Sessions. It is likely a deal will involve Delonte West, who has been shopped by the team for the last several months because his contract is not guaranteed for next season — which makes him an attractive asset.

Obviously, point guard is a position that the T’Wolves are set at for years to come and Session’s services were no longer necessary. Jonny Flynn, Luke Ridnour and Ricky Rubio are all classified as Minnesota point guards though Rubio has not come over from Europe.

The Timberwolves will likely waive Delonte West as soon as the trade becomes official which will save them about $4.1 million as only $500,000 of his $4.6 million contract is guaranteed if he is waived prior to August 5th.

Clearly there is no right move for Cleveland to make this off-season that will make up for what they lost in LeBron James, but adding Sessions, a six-foot-three point guard that can also play some two, is a nice addition for Byron Scott and his uptemp offense.