UPDATE:Austin Reaves is returning to the Los AngelesLakers.

Reaves, a restricted free agent, agreed to a four-year, $56 million Early Bird maximum contract.

The Lakers also signed free agent cente Jaxson Hayes.

Kyrie Irving

Kyrie IrvingDustin Satloff/Getty Images

The deals keep General Manager Rob Pelinkas promise to keep his teams young core together.

Pelinka is eyeing the future, when 38-year-old LeBron James is likely to no longer be with the team.

Jamess contract runs through the 2024-2025 season.

WGA West building in Hollywood

EARLIER:Forget that fever dream ofKyrie Irvingreuniting with LeBron James for one last charge at a championship.

The dynamic duo went only 5-11 when both played together

Irving, 31, is an eight-time All-Star.

The Los Angeles Lakers had an important, albeit less impactful, signing to announce.

Taurean Prince is also joining the Lake Show.

The seven-year NBA veteran averaged 9.1 points last year for the Minnesota Timberwolves.