Minneapolis ? Kevin Garnett and the Minnesota Timberwolves are negotiating an extension to the largest contract in NBA history, the $126 million deal he signed in 1997.

“Talks have been going on for a while now,” Garnett said before a shootaround Friday. “I think at this point, we’re trying to find out what’s best for both sides.”

The All-Star forward has two seasons left on the contract that pays an average of $21 million a year. He is eligible for an extension worth up to $139 million over four years.

Asked if the sides were close to a deal, Garnett said: “I’d rather not say. I think we’re at a crossroads right now where we’re trying to figure out the issues, we have a lot more issues than just Kevin Garnett right now.”

The Star Tribune reported Friday that Timberwolves owner Glen Taylor and vice president Kevin McHale met with Garnett’s agent, Andy Miller, in Minneapolis on Thursday.

Taylor told the newspaper a deal or at least the framework for one could be in place before the season starts next week.

“I think we would have to have one more meeting to get it done,” Taylor was quoted as saying. “I know even the smallest details can make these things fall through sometimes. But I’m optimistic we can get it done.”

Neither Taylor nor Miller immediately returned phone calls from The Associated Press on Friday.

Garnett’s contract takes most of the team’s space under the salary cap. A contract extension for All-Star teammate Wally Szczerbiak is also looming, and the future of point guard Terrell Brandon, who has $33.3 million left on his contract, is uncertain.