A report from TMZ on Sunday claimed the former Laker star was missing for 72 hours after a dispute with wife Khloe Kardashian. According to the ESPN.com report, Odom has been in a hotel with friends undergoing an intervention for an unspecified drug issue.
However, Schwartz says Odom's location is known and he is safe.
"Lamar is not missing," Schwartz told ESPN.com. "His wife knows exactly where he is."
TMZ's report from Sunday said Odom's family is concerned about crack cocaine use, an issue Odom reportedly has been battling for the last two years.
"Playing in the NBA is still very much a part of Lamar's plans," Schwartz said.
Odom, 33, averaged 4.0 points and 5.9 rebounds in 82 games for the Clippers last season.