Rhoden and the Raptors agreed to a 10-day contract Wednesday, Blake Murphy of Sportsnet.ca reports.
The Hornets are expected to waive Rhoden (shoulder) on Sunday, Roderick Boone of The Charlotte Observer reports.
The Hornets transferred Rhoden to the Greensboro Swarm of the G League on Friday.
The Hornets claimed Rhoden off waivers Monday and are expected to sign him to a two-way deal, Michael Scotto of USA Today reports.
Rhoden signed an Exhibit 10 contract with the Raptors on Monday, Blake Murphy of Sportsnet.ca reports.
Rhoden chipped in 16 points (6-12 FG, 4-8 3Pt), four rebounds and two assists in 32 minutes off the bench during Sunday's 123-95 loss to San Antonio.
Rhoden finished with 26 points (9-15 FG, 3-4 3Pt, 3-4 FT), seven rebounds, four assists and a steal across 30 minutes during Thursday's 137-108 win over the Herd.
Rhoden signed a two-way contract with the Pistons on Sunday, Omari Sankofa II of the Detroit Free Press reports.