A significant number of big-name players have been grist for the rumor mill but with the NBA Trade Deadline approaching Thursday, the Pacers don't expect to make another major change.
New Jersey's Vince Carter and Jason Kidd, Memphis' Pau Gasol, Sacramento's Ron Artest and Mike Bibby, Seattle's Rashard Lewis and Ray Allen and Minnesota's Kevin Garnett all have been mentioned in reports of trade possibilities.
Having already pulled off an eight-player trade with Golden State that changed the face of the Pacers in January, Walsh is understandably hesitant to pursue another substantial deal.
"Our feeling is if something would really help us we'll do it but we don't feel a pressure to go out there and make a trade because we kind of want to see how this team develops with the players we got in the Golden State trade," Walsh said. "And then in the summer, you'll be in a better position to take a look at everything and say, 'What do we need now?'
"I don't think we've seen enough of all the players that are now on the team, including guys we had last year. Where that leaves us as a team, we have to let it percolate a little bit."
Coach Rick Carlisle also downplayed the likelihood of a deal.
"If there's something that would improve our team I'm sure Larry (Bird) and Donnie would consider it," Carlisle said. "We're always looking to get better just like everybody else in the league. Having said that, the likelihood of something happening usually is on the low-percentage side at this point. But you never know. We'll see."
Walsh said there is interest in smaller deals he described as "things around the core of the team that could help us" but isn't sure they'll get done this week.
"We're listening to everybody," Walsh said. "We don't really know what our team is right now. We're starting to get an idea of it but it takes time to take a look and see how everything fits together to make a judgment as to where we go from here."
Walsh said he has been surprised by the number of significant players being discussed as trade possibilities, particularly because it is generally more difficult to pull off a major deal during the season because of the lack of roster flexibility and salary-cap limitations.
"I'm always surprised if a big-name player – other than a guy in the last year of his contract – is traded in the middle of the year because you're kind of confined," Walsh said. "But there are times when you hear the right thing. Can you trade those big-salaried players now? There may be a chance but I don't know that you'll have as many options as you'll have later on."