The school announced the move Tuesday, less than two weeks after the NBA lockout began.
Pullen is Kansas State's all-time leading scorer with 2,132 points, fourth-best in Big 12 history. He averaged 20.2 points last season in leading the Wildcats to the NCAA tournament for the third time in his four years at the school.
The Italian League team, also known as Angelico Biella, posted an 11-19 record in Series A. The current roster includes Aubrey Coleman (Houston), Edgar Sosa (Louisville), Marc Salyers (Samford) and A.J. Slaughter (Western Kentucky).