I don't think KAT is ready to pull the pin there yet, despite talking about this specific scenario just a couple of months ago. First year of a new 5 year deal gives the Wolves a bit of runway to try to work with KAT. I think it's more likely that we see a big 3 way deal though that moves D'lo to the wolves to play with KAT, and uses this apparent rededication to basketball as an escape hatch to get out from under his contract.
Swapping out Wiggins for D'Lo doesn't make Minnesota much better right now, but bringing in one of KAT's best friends would give them another year or two for them to put a decent team on the court before he pulls the 'chute.
I'm also going to say something that I thought 6 months ago would be crazy....unless Masai is fucking convinced that we're big players in the 2021 free agency bonanza, I'm not convinced that Wiggins is a bust with the way he's played this season and us being that team might not be the worst thing in the world. He's not a finished product by any means, but he's taken a big step up from the trainwreck he was turning into and has apparently found his work ethic. Strap an improved 3 point shot on there, put him in a system/organization where he's expected to work and learn and I think there might still be a star in there. Wouldn't give up much of fuck all for him, but if Masai doesn't see us bringing in a stud to play with Pascal, trying to build our own out of Wiggins isn't a terrible idea anymore.