Franks was released from his 10-day contract with the Magic on Tuesday.
The Magic signed Franks to a second 10-day contract Thursday.
Franks is singing a 10-day contract with the Magic, Shams Charania of The Athletic reports.
Franks posted 23 points (8-12 FG, 5-8 3Pt, 1-1 FT), seven rebounds and an assist across 33 minutes in Tuesday's win over Santa Cruz.
Franks had 17 points (7-14 FG, 2-4 3Pt, 1-1 FT), 12 rebounds, an assist and a block across 27 minutes in Monday's playoff win over Erie.
Franks registered 16 points (6-7 FG, 2-2 3Pt, 2-3 FT), eight rebounds, two assists, a steal and a block across 26 minutes in Sunday's win over Fort Wayne.
Franks had 17 points (6-8 FG, 1-3 3Pt, 3-4 FT), six rebounds and two assists across 24 minutes in Tuesday's loss against Westchester.
Franks registered 12 points (5-9 FG, 0-3 3Pt, 1-1 FT), four rebounds and an assist across 21 minutes off the bench in Sunday's win over Memphis.
Franks scored 21 points (8-16 FG, 2-9 3Pt, 2-3 FT) and collected 10 rebounds in a G League loss to South Bay on Wednesday.
Franks totaled 22 points (7-15 FG, 4-7 3Pt, 2-2 FT) along with 12 rebounds in a G League win over Delaware on Thursday.