If OKC completes the Brook Lopez-Reggie Jackson deal, Thunder could make a move for Miami's Norris Cole, league sources tell Yahoo Sports.— Adrian Wojnarowski (@WojYahooNBA) February 19, 2015
It's no secret that the Heat have been shopping Cole for weeks now. The Heat declined to sign him to an extension in the offseason meaning he will become a restricted free agent after this season and it seems unlikely that Miami plans to bring him back.
The Heat have been trying to attach Danny Granger to Cole in any potential trade so that's something to keep an eye on should anything go down between the Heat and Thunder.
It's unclear what Miami would want in return for Cole, although my guess is that they're simply looking to shed some salary and obtain a couple second round draft picks.