According to ESPN (MacMahon/Wojnarowkski) it appears the Chandler Parsons era is coming to an end in Memphis. 
Grizzlies statement on Parsons 1/6/19
Grizzlies owe Parsons $38M, including his $25.1M guaranteed salary for 2019-20. He's in third season of a four-year, $94M contract. Details surrounding separation soon on https://t.co/XcwLHcsHad. https://t.co/aiJWdmlB6C
— Adrian Wojnarowski (@wojespn) January 6, 2019However the Grizzlies issued the following statement Sunday night (1/6/19) that didn't indicate any movement on Parsons contract, but did let everyone know that Chandler isn't listening to management's comeback plan.
Grizzlies statement on Parsons 1/6/19 CLICK on the image above to listen to ESPN's Adrian Wojnarowski discussing Parsons on the Gary Parrish Show on Monday, January 7th, 2019