| | C | Contract Extended (The Minnesota Timberwolves signed C Rudy Gobert to a contract extension.) |
| | SF | Waived (The Minnesota Timberwolves waived F Keita Bates-Diop.) |
| | SF | Waived (The Minnesota Timberwolves waived F Eugene Omoruyi.) |
| | SG | Waived (The Minnesota Timberwolves waived G Skylar Mays.) |
| | SF | Waived (The Minnesota Timberwolves waived F Jaedon LeDee.) |
| | PG | Waived (The Minnesota Timberwolves waived G Chasson Randle.) |
| | SF | Traded (The New York Knicks traded F Keita Bates-Diop to the Minnesota Timberwolves.) From |
| | C | Traded (The Minnesota Timberwolves traded C-F Karl-Anthony Towns to the New York Knicks.) To |
| | PF | Traded (The New York Knicks traded F-C Julius Randle to the Minnesota Timberwolves.) From |
| | SG | Traded (The New York Knicks traded G Donte DiVincenzo to the Minnesota Timberwolves.) From |
| | SG | Waived (The Minnesota Timberwolves waived G Trevor Keels.) |
| | SG | Signed/Offer Sheet (The Minnesota Timberwolves signed G Skylar Mays.) |
| | PG | Signed/Offer Sheet (The Minnesota Timberwolves signed G Daishen Nix to a two-way contract.) |
| | C | Signed/Offer Sheet (The Minnesota Timberwolves signed C Jesse Edwards to a two-way contract.) |
| | SG | Signed/Offer Sheet (The Minnesota Timberwolves signed G-F PJ Dozier.) |
| | SF | Signed/Offer Sheet (The Minnesota Timberwolves signed F-G Joe Ingles.) |
| | SF | Traded (The Minnesota Timberwolves traded F Kyle Anderson to the Golden State Warriors.) To |
| | PF | Signed/Offer Sheet (The Minnesota Timberwolves signed F Luka Garza.) |
| | PG | Declared Free Agency (G Daishen Nix elected free agency.) |
| | SF | Declared Free Agency (F T.J. Warren elected free agency.) |
| | PF | Declared Free Agency (F Luka Garza elected free agency.) |
| | PG | Declared Free Agency (G Jordan McLaughlin elected free agency.) |
| | SF | Declared Free Agency (F Kyle Anderson declared free agency.) |
| | PG | Declared Free Agency (G Monte Morris elected free agency.) |
| | SG | Traded (The Minnesota Timberwolves traded G Wendell Moore Jr. to the Detroit Pistons.) To |
| | SF | Signed/Offer Sheet (The Minnesota Timberwolves signed F T.J. Warren for the rest of the season.) |
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