The Lakers have “pulled out” of any more conversations in trying to acquire New Orleans All-Star Anthony Davis because of the Pelican’s “outrageous” trade requests, according to a person with knowledge of the situation not authorized to speak publicly.

Magic Johnson, the Lakers president of basketball operations, told New Orleans general manager Dell Demps Tuesday morning that Los Angeles had made its best offer that the Pelicans had wanted, but that the Lakers were not willing to add anything else and would be moving on, a person said.

The Lakers are still glad to engage with the Pelicans on an Anthony Davis trade, but no longer want to bid against themselves, league sources tell ESPN. Lakers are waiting for Pelicans to make a counter-proposal.

The Lakers are still glad to engage with the Pelicans on an Anthony Davis trade, but no longer want to bid against themselves, league sources tell ESPN. Lakers are waiting for Pelicans to make a counter-proposal.

— Adrian Wojnarowski (@wojespn) February 5, 2019

Source: Brad Turner of the Los Angeles Times and Adrian Wojnarowski on Twitter