Panathinaikos Athens is negotiating with him and trying to extend his contract. He has up until July 15th to opt out of his contract. The Rockets and Wolves might be working on a trade according to US sources. David Khan would make no comment on the matter when asked other than "we don't know what we are going to do with Pekovic".
BTW, even though the name of that site has the word "blog" in it, it is NOT a blog. It's the biggest sports jounralist site on basketball in Greece and is from sports reporters. It's a news site and not a blog. They just took the site name when they bought it off the original owner. But it is NOT a blog. If you will skim through the site you will see that and also that the articles are written by sports journalists.
So it's more like an equivalent of an ESPN like site, and is NOT a blog.