The Memphis Grizzlies are poised to remove the "interim" tag from general manager Chris Wallace while conducting a search to hire a "GM-in-waiting" who will train under Wallace, multiple sources told ESPN.com.

Wallace, who has been with the Grizzlies since 2007, returned to his role as head of the Grizzlies' basketball operations last month when CEO Jason Levien surprisingly parted ways with the team. The team hasn't formalized his role with a new contract as yet but has begun the process of interviewing candidates to become his right-hand assistant.

-- ESPN.com