The Minnesota Timberwolves have agreed to a four-year, $62 million contract extension with All-Star forward Kevin Love, the St. Paul Pioneer Press reported Tuesday, citing a source.

The 23-year-old is expected to sign the new deal in Dallas on Wednesday, ahead of Minnesota’s game against the defending NBA champion Mavericks that night.

ESPN.com reports that the discussions are still “ongoing” and that a final decision will not be made by Love until Wednesday.

“If you read it on the Internet it must be true right?” Love wrote on Twitter shortly after the initial report of an agreement broke.

Love, voted the NBA’s most improved player last season, averaged 20.2 points and 15.2 rebounds a game in 2010-11 on his way to getting his first All-Star selection.

This year he is averaging 24.9 points and 13.9 rebounds and leads the league in double-doubles with 16 in 17 games.

The No. 5 overall pick in 2008, Love is one of 20 finalists for the USA’s 2012 Olympic basketball team.