Austin Reaves remains with the Los Angeles Lakers through the 2026-27 season, holding a player option for the final year. As he becomes eligible for a contract extension, the Lakers are eager to secure his future. Reports indicate that while they can offer him a lucrative four-year, $89.2 million extension, Reaves may opt to decline and become an unrestricted free agent next summer. His recent underperformance in the playoffs adds to the uncertainty surrounding his future with the team.

Should Reaves not accept the extension, the Lakers may consider trading him before the start of next season to avoid losing him for nothing. The team's recent dealings, including trading Anthony Davis, further complicate this scenario, making Reaves a potential trade target if a compelling offer arises.