I don't think so, no.
I think the Wolves feel burnt from the KG trade, and don't want to give up just yet.
I bet they feel optimistic about their ability to turn it around (with Rubio, Pekovic, Shabazz, Gorgui, Love, Martin, Brewer & 4 draft picks tomorrow give them a solid core for next season).
Let's say they select Zach LaVine in the 1st round, and take little Greek Freak, Nick Johnson and either Patrick Young or Nick Bachynski in the 2nd round. They'll solidify their athleticism and scoring from the wing and get another huge body to work in the paint. They might get a playoff seed and show the type of promise that could change Love's mind. At least, that's what MN management may be going for.
I think their worst case is piling up a bunch more draft picks in a Celtics trade to wait another 5 years to see any uptick in wins.