Tyler Herro Appears Done With the Heat as Giannis Talks Progress

One way or another, it sounds like Tyler Herro's days with the Miami Heat might be coming to an end.

As the Heat are going all-out to acquire Milwaukee Bucks' superstar Giannis Antetokounmpo, Brett Siegel of Clutch Points is reporting that the Bucks want Herro and "all" of Miami's young assets in return for the Greek Freak.

The Milwaukee Bucks want Tyler Herro and all of Miami’s young players in exchange for Giannis Antetokounmpo, per @BrettSiegelNBA pic.twitter.com/783INiDF4L
— NBACentral (@TheDunkCentral) February 2, 2026

Those young assets could likely include the likes of Kel'el Ware, Jaime Jaquez Jr., and forward Nikola Jovic.

Meanwhile, in a conflicting report, we're also hearing that the Bucks do NOT want Herro, leading the Heat to shopping him around the league in return for first-round picks to add to their offer to Milwaukee.

The Heat are shopping Tyler Herro in trade talks for 1st-round draft capital.

It is believed the Bucks’ interest in Herro as a Giannis Antetokounmpo trade headliner isn’t high.

Herro becomes eligible for a lucrative extension this offseason, which teams believe Miami won’t pay. pic.twitter.com/5dWHh4dArJ
— Evan Sidery (@esidery) February 2, 2026

Herro could qualify for a four-year, $207 million extension after the season. His season has been limited to just 11 games due to injuries. He's averaging 21.9 points, though his three-point shooting is down to a career-low of 35.8%. He has a lifetime mark of 38.2%.

Meanwhile, the Minnesota Timberwolves are also getting very aggressive, per reports, in their Giannis pursuit. But it's the Golden State Warriors who are currently the frontrunner, by all accounts.