The deal will be finalized on Tuesday because the National Basketball Association office will not execute the deal on a holiday.
But LeBron has done something more to add more fuel to the "Melo to Lakers" rumors, as he has gone onto like an image of Carmelo Anthony in a Lakers jersey.
Where he's going next remains unclear.
The Rockets were looking to free up a roster space to sign the recently bought out Kenneth Faried, and the Bulls were happy to use their open roster space to acquire Anthony from the Rockets while picking up some cash in the process.
Information from the Associated Press was used in this report.
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Anthony won't play in a game for the Bulls, though he may remain with the organization until the February 7 trade deadline, according to the report.
Because the agreement was reached on Monday, which falls on Martin Luther King Jr.
Anthony, 34, has not played since November 8 after the Houston Rockets announced that they'd be parting ways with the 16-year veteran.
Carmelo Anthony has a new National Basketball Association team. Those teams, along with the Detroit Pistons, are said to remain interested. "It just wasn't a fit". "It was good. He tried everything he could to make it work and it just didn't work out". Anthony averaged a career-low 13.4 points on 40 percent shooting and just 32 percent from beyond the arc, and as a negative defender he didn't bring much of anything to a struggling Rockets team.