Payne, 28, averaged 10.4 points and 4.5 assists in 48 games last season, shooting 42 percent from the field and 37 percent on 3-pointers. Jake Fischer of Yahoo Sports reported last week that the Suns had been exploring Payne trades at the Las Vegas Summer League.
In exchange for Payne, the Suns are acquiring a second-round pick, Charania reported.
Meanwhile, the Spurs have been looking to build around French center and No. 1 overall pick Victor Wembanyama with veteran additions, and Payne certainly fits the bill, having been a major part of the Suns’ rotation and playing in the Finals in 2021.
Hoops Wire will have more on this story as the news becomes available.