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 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.

Jonas Valanciunas has been lured into considering a return to the EuroLeague, where the Greek club Panathinaikos has offered him a three-year contract worth $13 million, according to a report by BasketNews. One problem: Valanciunas is under contract in the NBA. For $10.4 million next season, to be exact.