The Grizzlies are holding on to Mike Conley.

Memphis was able to work out a trade with the Raptors for Marc Gasol, but ultimately decided to keep Conley, according to ESPN.

Conley has two years and a player option remaining on the five-year, $152-million deal he signed with the Grizzlies in 2016 and is averaging 20.4 points and 6.4 assists on the season.

The Grizzlies reportedly completed a deal with Toronto, which netted them Jonas Valanciunas, Delon Wright, C.J. Miles and a 2024 second-round pick for Gasol. They found no such deal for Conley.