Adrian Wojnarowski of Yahoo Sports reported on the talks between the two teams, noting Dallas' remaining cap space is hurting its ability to land Lin on a "market-level" contract.
On July 4, ESPN's Tim MacMahon reported the Mavericks would like to bring in Lin using their $2.8 million exception.
Dallas' pursuit of Lin comes at a time when multiple teams are angling to land the point guard's services.
On June 30, Chris Broussard of ESPN reported the Kings were looking into signing Lin this offseason. On June 28, Alex Kennedy of Basketball Insiders noted Lin could hear from the team that briefly made him a superstar in 2011-12, the New York Knicks.
With the New York Knicks, Lin became a sensation even though he only appeared in 35 of 66 games that season. He averaged a career-high 14.6 points and 6.2 assists per game.
Lin has never been able to match the short superstardom he found in New York, but the 26-year-old has averaged more than 11 points per game in each of the past three seasons. He shot a career-best 36.9 percent from three-point range with the Lakers.
Even though Lin is listed as a point guard, he's better served in a situation that allows him to shoot rather than distribute. He's got the skills to be a very solid bench player who can play quality minutes for a good team, so expect to see teams come calling when they can negotiate with players starting July 1.