New Orleans originally acquired Nance in February 2022 as part of the CJ McCollum trade with the Portland Trail Blazers. Portland originally acquired the seven-year veteran from the Cavaliers in August 2021 as part of a three-team sign-and-trade deal that also included the Chicago Bulls.

According to multiple reports, the Cavaliers have agreed to a deal to sign free agent Larry Nance Jr. The news was first reported on by Marc Stein of The Stein Line and was later confirmed by Spencer Davies of Cavaliers On SI. #Cavs have agreed to a deal with Larry Nance Jr., league source confirms to @CLECavsOnSI. First reported by @TheSteinLine.

Larry Nance Jr. played for the Cavs across four seasons beginning in 2017. At 32, he's returning to Cleveland as a free agent signing.