CJ Miles and Delon Wright will also be going to Memphis.
The NBA trade deadline has become a spectacle in recent years, and Thursday's deadline is sure to be no different.
Gasol, while at 34 is eight years older than the big Lithuanian, is a three-time All-Star, two-time All-NBA, and a former Defensive Player of the Year.
Gasol took home the award after the 2013 season.
Wizards trade Otto Porter to Bulls for Bobby Portis, Jabari Parker
Bobby Portis will be a restricted free agent this summer and was originally a first-round draft choice of the Bulls in 2015. He's got the potential to be a lights-out shooter and has proven that in two different seasons.
Rickie Fowler overcomes freakish bad luck to win Phoenix Open
He took a penalty drop and walked away to survey his next shot and could only watch on as his ball roll back into the hazard. He was forced to take a drop but holed his bogey putt to drop just the one shot and remain one ahead of Li and Lewis.
Alexandria Ocasio-Cortez spoke with UK's Jeremy Corbyn on the phone
Following the encounter, Flake pushed for a delay in the confirmation process to allow for an FBI investigation. Ultimately, however, the now-retired senator voted in favor of elevating Kavanaugh to the Supreme Court.
The point guard agreed to a five-year, $153 million deal with the Grizzlies in the summer of 2016.
He made two moves just prior to the 2017 deadline, acquring Serge Ibaka from the Orlando Magic and P.J. Tucker from the Phoenix Suns.
"With him, just knowing his personality and who he is, I never got the sense that he didn't want to be here", Bickerstaff said. The team is also looking to trade veteran point guard Mike Conley and multiple teams are reportedly interested, including the Utah Jazz. We have a good future in front of us for this season so I just want to go on the court and play ball and win the games.
Temple started 49 games for the Grizzlies this season, averaging career highs in points (9.4) and rebounds (3.1).
Valanciunas, 26, has missed Toronto's last 25 games with a thumb injury, but was scheduled to return to the lineup tonight in Atlanta. Bickerstaff said no one will replace what Gasol meant to the Grizzlies, Memphis or the fans.
The Washington Wizards traded Otto Porter Jr to the Chicago Bulls in exchange for Bobby Portis and Jabari Parker, the club confirmed Wednesday night.