Despite receiving an offer from Greek Panathinaikos, the Denver Nuggets are set to proceed with their trade for Jonas Valančiūnas from the Sacramento Kings, per NBA insider Marc Stein.

The Nuggets landed the former first-round pick in a trade that sent Dario Saric to the Kings, but the deal cannot be completed until the new league year begins July 6.

The Nuggets aren't going to back out of their deal with the Kings for Jonas Valanciunas, and they reportedly won't free him from his NBA contract to play in Greece.