According to ESPN's Marc Stein, the Lakers are weighing the pros and cons of pursuing free agent Delonte West. West, who spent last season with the Dallas Mavericks, is considered by most to be the top free agent point guard available. West was waived by the Mavericks at the end of October.
In addition to West, Los Angeles is reportedly also considering free agents Mike James and Jonny Flynn. James has been out of basketball since finishing last season with the Chicago Bulls while Flynn is currently playing with the Melbourne Tigers in Australia. Flynn reportedly has a NBA out in his contract.
While it's possible a free agent could help the Lakers, they would need to make a roster move before signing anyone. The Lakers currently have a full 15-man roster meaning they would need to trade or wave a player before making a free agent acquisition.