NBA spokesperson Tim Frank said Thursday it’s up to the teams when to present the deal.
The trade was paused in July while the league investigated salary-cap circumvention allegations involving Leonard and the Clippers.
The NBA announced Wednesday that it would not suspend Leonard or void his contract, seemingly clearing the way for the all-star forward to return to Toronto, where he won an NBA championship in 2019.
The league stripped the Clippers of five first-round picks and fined the team US$30 million for multiple violations, while Leonard was fined $700,000.
The proposed trade would send Leonard to Toronto for Brandon Ingram, Gradey Dick and a package of draft picks.