The Raptors have re-signed power forward Serge Ibaka to a three-year, $65 million deal, per ESPN's Adrian Wojnarowski.
Now that Ibaka has rejoined Toronto, the next step for the Raptors likely will be attempting to bring back guard Kyle Lowry.
Ibaka, Lowry, and the Raptors made it to the second round of the 2017 playoffs before being swept by the Cavaliers.
UPDATE: Kyle Lowry has announced via The Players Tribune he will indeed re-sign with the Raptors. The deal is for three years and $100 million, according to Adrian Wojnarowski.