Carter will sign a one-year, $3.5 million deal with the Magic, Shams Charania of ESPN reports Wednesday.
Carter will be penciled in as the third-string point guard ahead of Opening Night, behind Jalen Suggs and Anthony Black. During the 2025-26 regular season, Carter appeared in 53 contests between the Bulls and Magic, posting averages of 6.4 points, 1.7 rebounds and 1.6 assists.