Brooks officially signed a contract Wednesday with the Guangdong Southern Tigers of the Chinese Basketball Association.
The Bulls will waive Brooks on Monday, K.C. Johnson of the Chicago Tribune reports.
Brooks has not reported to the Bulls and will likely be moved, Mark Strotman of NBC Sports Chicago reports.
Brooks (coach's decision) won't play Friday against the Pacers, J. Michael of The Indianapolis Star reports.
The Bulls intend to trade newly-acquired MarShon Brooks, Sam Amico of AmicoHoops.net reports.
Brooks and Wayne Selden were traded from the Grizzlies to the Bulls on Thursday in exchange for Justin Holiday, Adrian Wojnarowski of ESPN reports. Chicago will also receive two second-round picks.
Brooks will remain on the Grizzlies after a three-team deal that would have sent him to the Suns fell through, Adrian Wojnarowski of ESPN reports.
Brooks has been traded from the Grizzlies to the Suns as part of a three-team deal, Adrian Wojnarowski of ESPN reports.
Brooks had 10 points (4-9 FG, 1-2 3Pt, 1-2 FT), two rebounds, one assist, and one block in 23 minutes during Monday's 96-88 loss to the Grizzlies.
Brooks tallied 18 points (7-9 FG, 2-3 3Pt, 2-2 FT), three rebounds and an assist in 19 minutes during Saturday's 117-96 win over the Suns.