The Lakers were locked in negotiations with Phoenix Suns to sign Ariza for a number of weeks.
Magic Johnson’s side were willing to part ways with Kentavious Caldwell-Pope as they searched for a third team to send a point guard to the Suns.
Basketball Society yesterday claimed Philadelphia 76ers got involved in the deal and offered to send Markelle Fultz to the Suns and Milton to the Lakers.
The 76ers in return would receive Caldwell-Pope and a future first round pick from the Lakers.
But Los Angeles Times’ Turner claims the Lakers refused to give up any more of their stars in the deal.
“Lakers won’t surrender Lonzo Ball, Brandon Ingram, Kyle Kyzma or Josh Hart to Suns for Trevor Ariza, source,” Turner tweeted.
“Suns turned down a three-team proposal, source.”
Turner also revealed the Lakers turned down a potential deal with Houston Rockets.
“And two sources confirmed Rockets called Lakers two weeks ago about trading for Kentavious Caldwell-Pope. No deal is imminent,” he added.
The Basketball Society laid out the details of the three-way trade.
“Per a league source, the Philadelphia 76ers could serve as the third team in the potential Lakers-Phoenix Suns trade centred on Ariza,” they reported.
“Per source, the Lakers are mulling around the idea of giving up Kentavious Caldwell-Pope and a future first-round pick.
“In this trade scenario, the Suns will part ways with Ariza and the Philadelphia 76ers will offer Markelle Fultz and Shake Milton.
“In the rumoured three-way deal, Trevor Ariza and Shake Milton will head to the Los Angeles Lakers, with Markelle Fultz joining the Phoenix Suns.
“Rounding out the deal, the Sixers will acquire Kentavious Caldwell-Pope and a future first-round pick.”