Charania added that Crawford is expected to sign a two-year, $8.9 million deal, with the second year being a player option.
The Hawks subsequently waived the 37-year-old.
Crawford spent the past five seasons with the Clippers and is a 17-year NBA veteran with tons of experience as a bench contributor.
In 2016-17, Crawford averaged 12.3 points, 2.6 assists and 1.6 rebounds per game, while shooting 36.0 percent from long range.
Crawford is the only player in NBA history to win the Sixth Man of the Year Award on three occasions, last securing the honor in 2016.
He would fill a major need for the Timberwolves, as they require backcourt depth and a player capable of getting hot offensively off the bench.
Minnesota acquired Jimmy Butler in a trade with the Chicago Bulls on draft night, but it gave up a pair of talented, young guards in Zach LaVine and Kris Dunn to get him.
The T’Wolves also traded point guard Ricky Rubio to the Utah Jazz, although they replaced him with Jeff Teague in free agency.
Minnesota’s “Big Three” of Butler, Karl-Anthony Towns and Andrew Wiggins will be the biggest key in whether it can reach the playoffs in 2017-18, but Crawford is the type of experienced role player every contending team would benefit from.
Read more NBA news on BleacherReport.com