Portland, OR -- (Sports Network) - Sharp-shooting forward Hedo Turkoglu appeared headed to the Portland Trail Blazers on Friday afternoon, but by nightfall those talks apparently broke off.

In the latest turn of events, TNT basketball analyst David Aldridge reported late Friday night that Turkoglu has verbally committed to a five-year, $60 million contract with the Toronto Raptors, citing league sources.

According to the report, Toronto renounced its rights to forward Shawn Marion and guards Anthony Parker and Carlos Delfino, freeing up enough salary cap space to add the Turkish star.

The Oregonian newspaper originally reported Turkoglu agreed to a five-year, $50 million contract with Portland, but later in the day indicated he had rejected such an offer.

The 30-year-old Turkoglu, a first-round draft pick of Sacramento in 2000, had spent the previous five years with the Magic and averaged 16.8 points, 5.3 rebounds and 4.9 assists over 77 games last season. He helped the Magic into the NBA Finals, but last week opted out of the final season of his deal that would have paid him $7.3 million.

Not only that, but the Magic already made a big move to replace Turkoglu by working out a trade with New Jersey for Vince Carter on draft night.

The 6-foot-10 Turkoglu spent his first three seasons with the Kings before joining the San Antonio Spurs for one seasons. For his career, he's averaging 12.3 points and 4.2 rebounds and is a career 38.5 percent shooter from three- point range.