Somewhat ironically, the Heat have pulled a player from the Cleveland Cavaliers - the same team they picked up James from - to replace the four-time NBA MVP, who has landed back at Cleveland.
Deng played 40 games for the Cleveland franchise in the 2013-14 season, before becoming a free agent - and has reportedly agreed to a two-year deal worth US$20million.
The Sudanese-born Briton averaged 14.3 points and over five rebounds for the Cavaliers, after being traded in mid-season from the Chicago Bulls - with who he played nine-and-a-half seasons with.
Deng's numbers at the Bulls in the first half of the season - 19 points per game, plus just under seven rebounds - were close to his best in his career even though it was only across 23 games.
The forward is set to line-up alongside Chris Bosh, although Dwyane Wade's future remains uncertain after James' exit to Cleveland caused commotion for the NBA finalists.
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