According to Adrian Wojnarowski of ESPN, the Wolves are shutting down trade requests for Jimmy Butler and telling teams that "Butler’s an elite player and the franchise intends to keep him."
This lines up with Woj's previous report which stated coach Tom Thibodeau has no interest in trading Butler and wants to try and return to the playoffs with him in the lineup. At least for now, it seems clear that the Wolves are intent on standing pat. It's obviously a risk, as they could lose Butler for nothing when he becomes an unrestricted free agent next summer. Woj also adds that: "As the case with past trades involving Minnesota stars Kevin Garnett and Kevin Love, owner Glen Taylor will be a major part of the process on deciding whether to move Butler this season."