Entering the draft, the Timberwolves only held one first round pick at #7; their second round pick was forced to be traded away to the Boston Celtics due to a previous trade involving the Phoenix Suns (and former New Orleans Hornets) allowing the Suns (later Celtics) to acquire their 2017 second round pick if their lottery protected pick wasn't acquired by 2016. Exiting draft night, however, they traded away their #7 pick, which was the Finnish center/power forward Lauri Markkanen from University of Arizona, alongside last year's top selection (Kris Dunn) and Zach Lavine to the Chicago Bulls in exchange for All-Star shooting guard/small forward Jimmy Butler and the Bulls' own first round selection, which was #16 pick Justin Patton, a redshirt freshman center from Creighton University for the purpose of ending their 13 year long playoff drought.

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