ESPNChicago.comButler was bought out by the Los Angeles Clippers late Sunday night and cleared waivers on Wednesday. It is unclear whether he will be available to play Friday night against the Orlando Magic.
The Bulls had considered trading for a shooting guard, but they were unwilling to part with Omer Asik or Taj Gibson, preferring instead to wait to see who was bought out.
The Bulls don't intend for Butler or any new player to break into the starting lineup or even log major minutes, a source told ESPNChicago.com's Nick Friedell.
Butler averaged five points in 18 minutes this season after averaging 11.9 points last season. A 6-foot-7 swingman, Butler, 31, has averaged 8.6 points a game in eight NBA seasons.