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 Denver Nuggets and Jonas Valanciunas are about to be locked in a staredown. Denver agreed to a trade for Valanciunas, the veteran center, earlier this week. Then reports came out that Valanciunas had been offered a multi-year contract by Greek powerhouse Panathinaikos.

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.