If this report is true, then the Hornets are looking to shed Chandler's salary early in exchange for some expiring contracts. Unfortunately, we don't have any large contracts that expire this year, and so it would require packaging a bunch of players.
I put together a trade for Chandler in exchange for Finley, Bowen, and KT. Obviously we lose depth on the wings, and we don't add depth at the center position, but it sure helps our defense and rebounding right away. A Chandler/Duncan c/pf combo would be the best in the league, defensively, and not far away from the best offensively (because Duncan is a badass m10r).
I don't know that the Hornets would be willing to do this, mostly because it would help a rival, and it is expensive, but it certainly peaks my interest.