Take this with a grain of salt. I've communicated with my friend in the T-Wolves org. I will note that he does not have direct lines to Saunders or Taylor. He is in the front office and interacts with players and execs inside the org, but he's not someone involved with what actually goes down with trade. His position does require advance notice of certain things.
Like any job, scuttlebutt flows through the organization. Towards the end of the day today that scuttlebutt indicated that the Cavaliers have delivered the last set of trade parameters they will consider in regards to Kevin Love. Who is included is unknown, but the word is that it does not include Andrew Wiggins and that the Cavs have been unwilling to include him. It's been discussed, but inclusion of Wiggins requires more than the Wolves would be willing to give.
So, the scuttlebutt is that this is the Cavs final offer essentially. Minnesota can agree to work within the framework of what the Cavs have presented and they have until the end of the week to respond. If they do not positively respond, the Cavs will move on with other moves they have in place and pull out completely of the pursuit of Kevin Love right now. I have no idea what the Cavs' alternatives are.
Further, the Wolves think it is a bluff and are unlikely to respond positively. So, if the Minnesota scuttlebutt is correct, we may expect to see moves next week that will take the Cavs completely out of the Kevin Love discussion as they seek to firm up their roster IF they are not bluffing. Taylor refuses to come off his high asking price and Saunders thinks it's a bluff.
My own two cents is that Minnesota is taking a real risk if the internal rumors are true. If the Cavs move other assets (such as Waiters, etc) in another trade or a series of trades, they will signal clearly a withdrawal from the race for Love and the price for him could drop through the floor.
Expectations inside the org continue to be that Kevin Love will be in their starting lineup at the start of the season. They are preparing across the org in anticipation that he's staying and are also getting ready to launch a media blitz locally in September in an attempt to thwart negativity in Minnesota towards Love. They want the community to entice him to stay and are investing in a marketing push to that end. That could also be a feint, but it is real - the money is being spent and the campaign is being built. They have scrapped campaigns before, so it could be show.