From Rick Bonnell of The Charlotte Observer:
There are definitely serious talks going on between the Charlotte Bobcats and Milwaukee Bucks. Don't know all the particulars yet, but it sounds like the Bobcats could end up with the 10th pick and maybe send No. 19 to Milwaukee.via Inside the NBA: Bobcats-Bucks talks serious.
Particulars aren't available yet but Bonnell mentions several veteran players. It would appear that without a 2012 pick, the Bobcats and new GM Rich Cho are making a move to obtain more picks in this draft and get them high. Milwaukee has been rumored to be talking to Houston about moving down as well. It's clear the Bucks don't feel they can get a value pick at the 10 spot that fills a need for them and are looking to move back for a cheaper selection.
The Bobcats could theoretically end up with back to back selections. They'd have their pick of several players they've targeted in that range including Marcus Morris, Alec Burks, and Bismack Biyombo who worked out yesterday in Charlotte and impressed the coaching staff.
Rich Cho appears to be trying to start out his second NBA GM gig in Charlotte with a bang.