The big man will sign a two-way contract with Golden State, a source confirmed to NBC Sports Bay Area's Logan Murdock.
Essentially, the Warriors can flop Lee and Chriss, who has 23 days with the National Basketball Association team before he would have to head to the G League, taking him to about mid-March.
Marquese Chriss just showed up in the Warriors locker room to greetings from teammates.
Lee played in two recent games against the Milwaukee Bucks and the Los Angeles Clippers but did not participate in Sunday's loss to the Memphis Grizzlies, as his agent and the team continue to finalize the details of his new National Basketball Association contract. The big man had won a spot in the team's rotation after training camp but was but was cut by the team last week.
Things can change between now and the end of the season, but Chriss is slated to become a restricted free agent this summer, which gives the Warriors a leg up in re-signing him.
Chriss averaged 7.4 points and 5.4 rebounds per game for the Warriors this season and filled in capably for the team as it struggled with injuries through the first three months of the season.