Reed will sign a third 10-day contract with the Nuggets on Thursday, Mike Singer of The Denver Post reports.
Reed has appeared in nine games with the Nuggets since signing his first 10-day contract in early December, and he's averaged 5.0 points and 3.4 rebounds in 17.2 minutes per contest. He should continue to see some playing time since the Nuggets are dealing with injuries in the backcourt.