Sources told ESPN.com that the Pelicans and Fredette have agreed to terms on a one-year deal at the league minimum.
Fredette, who was drafted by the Sacramento Kings in 2011, finished last season with the Chicago Bulls after his release in March from the Kings.
The former BYU-star played in 41 games for the Kings and only 8 with the Bulls, he averaged 5.6 points while shooting nearly 48 percent from three-point distance last season. The Pelicans will look to Fredette to fill-in the role that Anthony Morrow, who signed with the Oklahoma City Thunder earlier this week, played last season in New Orleans.
In other words, the Pelicans want Fredette to shoot.
With NBA Free Agency running down, you can view a list of the top-10 free agents available here.