Adrian Wojnarowski of ESPN reported that the Hawks will also get "two future second round picks".
Sources said the draft picks going to Atlanta are 2019 and 2020 second-rounders and that the Hawks will send back European draft rights for two players in the deal.
Stone pelting at Aussie bus in Guwahati
According to reports, there was an increase in security personnel manning the route from Australia's team hotel to the airport. The tourists levelled the series at 1-1 with an eight-wicket thumping of the hosts in the north-eastern city of Guwahati .
If the deal does indeed come to fruition, this year's Cavaliers squad will look much different than last year's iteration.
Both players will become free agents after clearing waivers. Jefferson, 37, is on the hook for $2.5 million this season.
Jimmy Carter Offers to Talk Peace With Kim Jong
Of all voters, 65 percent say the USA should negotiate with North Korea diplomatically, while 29 percent say it's a waste of time. It is unlikely to have any effect on next week's planned major joint-navy drill between Sourth Korea and the U.S.
The Cavs selected Felder out of Oakland in the second round of the 2016 NBA Draft.
Felder, selected by Atlanta with the 54th pick of the 2016 draft, played in 42 games with the Cavaliers previous year.
Jefferson averaged 5.7 points and 2.6 rebounds a game in 79 games last season, while Felder appeared in 42 games, averaging 4.0 points and 1.4 assists per game. It's a purely salary cap saving maneuver for the Cavaliers, who are well over the salary cap and paying exponential luxury tax penalties.
Honeypreet sent to judicial custody till Oct 23
Honeypreet's former husband Vishwas Gupta had alleged illicit relations between her and the sect chief. Honeypreet, whose real name is Priyanka Taneja, has been sent to judicial custody till October 23.