It really just depends on whether Minnesota thinks Teague and Irving can be a starting back court. If they don't, then they have no incentive to make the trade. If they do, then it seems like the most likely trade to be made. Wiggins, Aldrich, and Jones for Irving and Felder (it works without Felder, but Minny needs someone aside from Wiggins and Aldrich in the trade and Jones makes the least on their team, so I figured if he is included it would also make sense to give them back a young pg so I added Felder who the Cavs would have cut anyway most likely).
So Wolves post that trade (with just 11 players under contract)
PG - Teague, Felder
SG - Irving, Crawford
SF - Butler
PF - Gibson, Dieng, Payne
C - Towns, Bjelica, Patton
That is a pretty interesting team. Clearly they need to fill out the roster, but I think they could put together some decent enough backup wings on the free agent market including just bringing back Rush and Muhammad.
Cavs post trade (16 players under contract, so someone will be cut - likely Tavares)
PG - Rose, Calderon, Jones
SG - Wiggins, Smith, Shumpert
SF - James, Korver, Jefferson, Osman
PF - Love, Frye, Green
C - Thompson, Aldrich, Tavares
A pretty poor defensive backcourt, though Irving was a bad defender so they aren't much different. Seems like a good enough trade for the Cavs, especially with Wiggins locking in that extension (so he can't leave at the end of the year).