Chicago will send Jacksonville a fourth-round pick, ESPN reported.

The Bears have agreed to acquire quarterback Nick Foles from the Jaguars in a trade, Adam Schefter of ESPN reported Wednesday afternoon.

Chicago will send a compensatory fourth-round pick back to Jacksonville, Schefter reported.

Foles, 31, has three seasons remaining on a four-year, $88-million deal signed with the Jaguars last March. It wasn't immediately clear known how much of Foles' contract Chicago would absorb in the trade, but it was expected to be restructured, according to reports.

Foles started just four games in a 2019 season riddled by injuries and ultimately lost the starting job to rookie Gardner Minshew.

Foles has started 48 games over his eight-year NFL career, completing 61.9 percent of his passes for 11,901 yards, 71 touchdowns and 35 interceptions.

The Bears have been seeking competition for starting quarterback Mitchell Trubisky, who struggled in 2019. Trubisky currently has one year remaining on his rookie contract. By early May, the Bears must make a decision on his fifth-year option for 2021.