9:53pm: Oklahoma City has officially announced the move via press release.
12:17am: The Thunder acquired 40th overall pick Grant Jerrett from the Trail Blazers, GM Sam Presti confirmed, according to John Rohde of the Oklahoman (via Twitter). Jason Quick of the Oregonian first tweeted that Jerrett had been dealt by the Blazers. Portland will receive cash considerations for Jerrett.
It was a busy draft night for both the Thunder and the Blazers. Oklahoma City landed Steven Adams, Andre Roberson, and Alex Abrines to go along with Jerrett. Meanwhile, even without Jerrett, Portland still walked away with C.J. McCollum, Allen Crabbe, Jeff Withey, and Marko Todorovic.