Super Bowl champion quarterback Nick Foles has reportedly reached a four-year deal worth $88 million with the Jacksonville Jaguars. ESPN's Adam Schefter reports that the deal includes $50.125 million guaranteed. 

According to NFL Network's Ian Rapoport, Jags QB Black Bortles will be released, and free to sign with another team, once the deal is official.

Foles signed with the Eagles as an unrestricted free agent prior to the 2017 season, and spent most of that season on the bench while Carson Wentz lit the league on fire. However, Foles was thrust into the starting position for the final three regular season games and he went on to lead Philadelphia to a miraculous Super Bowl run.

He started the first two games last season before Wentz took over, but he was back as the starter for the final three regular season contests as Wentz nursed a back injury. The Eagles finished the year with a 9-7 record and defeated the Chicago Bears in the Wild Card Round of the playoffs, before being bounced by the New Orleans Saints the following week.

Jacksonville, meanwhile, finished last in the AFC South with a 5-11 record, just one year after reaching the AFC Championship game. In 13 games, Bortles threw for 2,718 yards with 13 touchdowns and 11 interceptions.

The Jags have the 7th overall pick in the upcoming NFL Draft.