Minnesota Vikings owner Zygi Wilf and members of his family have emerged as serious candidates to purchase the Minnesota Timberwolves from Glen Taylor, sources told ESPN's Adam Schefter.

Taylor has been in discussions with Timberwolves legend Kevin Garnett about a potential sale, as well as other groups.

Wilf has been the Vikings' principal owner since 2005. A real estate developer by trade, he purchased the NFL team alongside five investors for about $600 million.

Taylor is looking for at least $1.2 billion in a sale, but also wants to ensure the Timberwolves remain in Minnesota under the next owner. Wilf is no stranger to such a scenario, as he purchased the Vikings when their future in the Twin Cities appeared in doubt. He kept the club in Minnesota, though relocation rumors did resurface before he secured government financing for a new football stadium.

Wilf's brother, Mark, and cousin, Leonard, both of own stakes in the Vikings. They serve as the team's president and vice chairman, respectively.

Taylor may not pick a buyer until September, according to Schefter.