At the moment, the Rockets’ eyes are on (one-time Atlantan) Chris Bosh. They’d be willing to pick up Joe Johnson if that would help sway Bosh’s decision, or they might consider Joe as a decent consolation prize. Via the Houston Chronicle:
If the Rockets seek to land Johnson, a starter in the 2010 All-Star Game and a teammate of Bosh’s on the United States’ 2006 World Championships team, it would require a second sign-and-trade deal in addition to a deal for Bosh. That would likely have to involve guard Kevin Martin, and the Rockets are unsure if they would want to give up Martin to get Johnson.
(ht Peachtree Hoops)


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