It is really hard to tell.
Memphis are not really a team with a plan. They just have a lot of depth and youth. Try to win. One major young talent in Ja Morant & one interesting young talent in JJJ. Outside of them, it is unclear what they plan to do with anybody.
Which makes it very hard to tell what it would take to get Kyle Anderson. Complicating matters further is that Kyle himself is a strange player whose value fluctuates wildly depending on who is doing the talking. Where do Memphis stand on him as an individual player? Is Kyle part of their long term future?
Or is Kyle a bad fit next to Morant because of his limited outside shooting and reluctant to put up jump-shots? Does that make him a bad floor spacer? Does he limit their best player Ja Morant? Well, yes, he does. Should Kyle be part of their long term future? Probably not.
Then again, who the heck knows what Memphis' long term plans are. There is no plan there that I can see. Other than another step towards mediocrity. Nothing based around winning a Championship. So does Kyle help make them mediocre? Yes, yes he does. Does that mean they want to keep? Yeah maybe so.
I have not got a clue what this team is trying to do / is thinking / or how they value Kyle Anderson. The price for him could be surprisingly low to far too high. It is just ... what the heck are they doing!?