Both the New York Knicks and Euroleague club Olympiakos are interested in former NBA guard Jannero Pargo, the New York Daily News is reporting.

Pargo signed with Dynamo Moscow last summer after helping New Orleans reach the second round of the playoffs. Olympiakos is hoping to have Pargo's deal done by Tuesday, when Euroleague rosters are finalized.

Olympiakos expressed passing interest in Marbury, who was exiled by the Knicks on Dec.1 and is still earning his $20.9 million salary. Knicks president Donnie Walsh is hopeful that he can trade Marbury before the Feb.19 deadline. If a trade doesn't happen, the Knicks can release Marbury or keep him on the roster until the end of the season.

Via New York Daily News

New York Knicks, Euroleague Basketball

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