Eric Bledsoe was the centerpiece of a three-team trade in which the Clippers traded the backup point guard to the Phoenix Suns and acquired shooting guard J.J. Redick from the Milwaukee Bucks in a sign-and-trade.
Redick has agreed to a four-deal worth $27 million to play for the Clippers.
The Clippers will trade Bledsoe and small forward Caron Butler to Phoenix for small forward Jared Dudley.
The Clippers and Suns will both send second-round draft picks to the Bucks in the Redick deal.
NBA executives who were not authorized to speak publicly on the matter confirmed the entire deal.
Redick, who was traded from the Orlando Magic to Bucks in the midst of last season, is the shooting guard the Clippers were looking for.