The Wolves now have two point guards, not just one, after the team today reached agreement on a multi-year deal with unrestricted free agent Sebastian Telfair.

Telfair’s agent, Andy Miller (yes, that Andy Miller, KG’s agent), confirmed the agreement Monday night, which probably will be announced on Tuesday. He would not reveal years or money, but the Wolves declined to make Telfair a one-year qualifying offer because it would have guaranteed him $3.5 million next season.

Until now, Randy Foye was the team’s only point guard under contract.

Miller said he and his client are “very excited for the opportunity to finish what we started” and said Telfair wants to get the Wolves back to the playoffs for the first time since his other client led the Wolves to the Western Conference finals in 2004.

Craig Smith signed a two-year deal on Thursday. Now Telfair’s deal is done. Ryan Gomes remains unsigned (so does Chris Richard) in negotiations that have been, and might turn out to be, the most difficult to complete.

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