Gasol, 35, has spent the last season and a half with the Raptors.
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The Clippers may have made the savviest move of the offseason in signing Serge Ibaka to a two-year, $19 million deal.
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Thompson, 29, averaged a career-best 12.0 points with 10.1 assists and 2.1 assists per game last season.
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The Lakers moved to retain unlikely playoff hero Kentavious Caldwell-Pope on Saturday.
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Rajon Rondo will reportedly sign a two-year deal with the Atlanta Hawks. The Crossover grades the deal.
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