Nick Kyrgios is reportedly in 'advanced talks' to become a co-owner of a basketball team alongside a host of high-profile current and former NBA stars.

According to basketball insider Marc Stein, Kyrgios is in negotiations to takeover NBL outfit South East Melbourne Phoenix and is part of a consortium featuring LA Clippers star John Wall.

Stein tweeted on Wednesday: 'Kyrgios would join a Romie Chaudhari-led ownership group that includes John Wall, Zach Randolph, Al Harrington, Josh Childress and Dante Exum.'

Kyrgios, a self-confessed basketball fanatic, is an avid follower of NBA side Boston Celtics and regularly attends Sydney Kings games.

Last year, he starred in the Kings' celebrity game, where he made headlines for blocking the shot of New South Wales premier Dom Perrottet. NBL great Steve Carfino labelled Kyrgios a 'jerk' after the match.

Earlier this year, Kyrgios admitted that he has 'thrown' tennis matches if he took to the court shortly after the Celtics had lost a match, such was his bad mood after the result. 

'I've literally thrown tennis matches if they've lost in like, double overtime,' he said at Wimbledon.

'If someone plays me and they know the Celtics have lost, that's your chance. That is for sure your chance, to play me on that day.

'Unlucky for Stef [Kyrgios' next opponent Stefanos Tsitsipas], the [NBA] season is over.

'I literally watch like live streams, everything. I barely miss a game and if they lose I am in a pretty bad mood.'

He has also described playing basketball as his 'meditation' and regularly plays on the courts in Sydney. 

'Basketball is my meditation but at the same time, it's good fitness as well. People don't realise that defensive slides and defensive movements of basketball are almost identical to the way people move on a tennis court,' he said.