The Orlando Magic are willing to trade former All-Star point guard Jameer Nelson and power forward Glen Davis before the Feb. 20 trade deadline, a source close to situation reported on Thursday.

With the trade window down to its final three weeks, the Magic are expected to sell their veterans in exchange for assets in the form of young players or draft picks.

According to Sheridan Hoops editor and veteran NBA insider Chris Sheridan, Nelson appears to be the most viable trade chip the Magic has besides shooting guard Aaron Afflalo. The 31-year old Nelson is averaging 13.7 points, 6.7 assists and 3.6 rebounds per game for Orlando.

"[T]here are a number of teams that could use a veteran floor leader to calm things down in the fourth quarters of tough playoff games," Sheridan says of Nelson.

The Magic already expressed their intentions to deal away Nelson at the start of the 2013-14 season, asking for a first-round pick in exchange for the seasoned playmaker.

There are rumors that the Houston Rockets could be interested to get the services of Nelson, who formed a pretty strong relationship with All-Star center Dwight Howard on and off the court during the big man's tenure in Orlando.

 On the other hand, Magic general manager Rob Hennigan have been trying to move Davis' contract since last season, but no teams expressed interest in getting the burly power forward. NBA insiders believed a trade package featuring Davis and Nelson could entice several contenders, which look to add depth on their rosters.  

The veteran NBA scribe also notes that Hennigan "has been trying to rid himself of Davis' contract for more than a year." Whether any team wants Davis' deal, which pays him $6.6 million in the 2014-15 season, according to ShamSports' salary database, remains an open question.

The Magic front office has been trying to model their roster like how the Oklahoma City Thunder have successfully done by developing young talent into All-Star caliber players such as Kevin Durant, Russell Westbrook, James Harden and Serge Ibaka.