The Cavaliers have acquired Kevin Love in a trade with the Minnesota Timberwolves.

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CLEVELAND -- The Cleveland Cavaliers have acquired power forward from the Minnesota Timberwolves in a three-team trade Saturday.

In exchange for Love, Cleveland sent the No. 1 pick in each of the last two NBA drafts, guard/forward Andrew Wiggins and forward Anthony Bennett to the Timberwolves, who also acquired forward Thaddeus Young from the Philadelphia 76ers in exchange for forward Luc Mbah a Moute and guard Alexey Shved from Minnesota, as well as a first-round pick from the Cavaliers by way of the Miami Heat.

"Kevin joining the Cavaliers represents a very special and unique opportunity for our team," general manager David Griffin said in a release from the team. "At only 25, Kevin has already firmly established himself as one the NBA's elite players and his talent, versatility and fit are major parts of our team's vision for success.

"We want to also wish Andrew Wiggins and Anthony Bennett the best as they will continue the start of their careers in Minnesota. They are both outstanding young men that have great potential on the court and long, very successful careers ahead of them."

The trade for Love had long been rumored since the Cavaliers re-signed free-agent forward LeBron James on Friday, July 11, but could not be executed until Saturday because a rookie who signs with the club who drafted him -- in this case, Wiggins -- could not be dealt to another franchise for at least 30 days.

James and Love have played together in the past, as they were teammates on the 2012 U.S. men's national team that won the Olympic gold medal in London, England. It was during that experience that James learned Love is far more than just a player who scores 26 points and pulls in 12 rebounds a game.

"I don't really care about the 26 and 12," James said at his "Welcome Home, LeBron" rally earlier this month. "I really care about the basketball IQ, and his basketball IQ is very, very high. I had an opportunity to spend 32 days with him on the 2012 Olympic team.

"I always told Kevin Love, 'You're very good, man.' He always thought I was blowing smoke, gassing him a little bit. I always told him, 'He was going to be the reason we won the gold medal,' and he played a huge role for us being undersized with the bigs with just Tyson (Chandler), myself, Melo (Carmelo Anthony) and Kevin Love. I'm looking forward to it. He's a great piece."

James feels adding Love to the Cavaliers' roster would enhance a core group of young players, including All-Star point guard Kyrie Irving, fellow guard Dion Waiters and forward Tristan Thompson.

"For the current guys, I'm excited," James said. "I love Kyrie's game. I think he can be one of the best point guards in our league. I love the chip on Dion's shoulder. Where everyone else looks at it as a negative, I look at it as a positive, and I'm looking forward to getting with him.

"I love how active Tristan is, both running the floor, rebounding, setting screens and finishing at the rim. Obviously, I don't have to comment on Andy (Varejao). If you give me nine Andy's and I'd be the 10th guy, I'd be alright. I could win."

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