I can't imagine Cleveland ever considers moving that pick for Eric Bledsoe. Bledsoe is a good player, but that pick is the jump start to their future and the entire reason they did the Irving trade (not IT).
The only way it would make any sense is if Lebron gave some indication that he would re-sign if the the Cavs made a trade for Bledsoe; otherwise, they are going to give it their best shot with Lebron, Love, Crowder, Wade, IT, and company (when he returns) and then start selling off guys like Love and Thompson to the highest bidders when the season is over and Lebron has moved on.