Favors is signing a 10-day contract with the Hawks on Tuesday, Adrian Wojnarowski of ESPN reports.
Favors is expected to be waived by the Rockets, Shams Charania of The Athletic reports.
The Thunder traded Favors, along with Theo Maledon, Ty Jerome, Maurice Harkless and a 2025 second-round pick to the Rockets in exchange for David Nwaba, Sterling Brown, Trey Burke and Marquese Chriss on Thursday, Adrian Wojnarowski of ESPN reports.
Favors (back) opted into his $10.2 million player option for the 2022-23 season, Shams Charania of The Athletic reports.
Favors (back) will be out for the remainder of the season, Joe Mussatto of The Oklahoman reports.
Favors (back) remains out indefinitely.
Favors (back) has been ruled out for Saturday's game against the Nuggets.
Favors (back) remains out Wednesday against Orlando.
Favors (back) is out Friday against the Heat.
Favors (back) is out Wednesday against the Spurs.