According to ESPN reporter Shams, the Timberwolves and Randall will reach a three-year, 100 million contract renewal contract, which includes the 2027-28 season player options.

This season, Randall performed well with the Timberwolves, averaging 18.7 points, 7.1 rebounds and 4.7 assists per game in the regular season, shooting percentage of 48.5/34.4/80.6%, and averaging 21.7 points, 5.9 rebounds and 4.9 assists per game in the playoffs, and shooting percentage of 50.2/38.5/88.0%, helping the Timberwolves to reach the Western Conference Finals.