Just before the deadline, the Bulls and Thunder reportedly agreed to a deal.
Chicago is sending Taj Gibson, Doug McDermott and a second-round pick to Oklahoma City for Cameron Payne, Joffrey Lauvergne and Anthony Morrow.
Gibson, who is scheduled to be an unrestricted free agent, is averaging 11.6 points and 7.0 rebounds per game.
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McDermott, the 11th pick in the 2014 draft, is registering 10.2 points per game and shooting just under 38 percent from deep.
The Thunder took Payne 14th overall in 2015 out of Murray State. The 22-year old is averaging 5.3 points and 2.0 assists in just 20 games this year.
The Thunder (32-25) lead Denver by 6.5 games for the No. 7 seed in the Western Conference, and are just 1.5 games behind Memphis for the sixth seed.