The Jacksonville Jaguars have reportedly traded quarterback Nick Foles to the Chicago Bears in exchange for a fourth-round pick, according to ESPN’s Adam Schefter.

The Bears have been rumored to be in the market for another quarterback, and it seems that Foles was the best fit for Matt Nagy and company.

There had been plenty of speculation regarding potential landing spots for Foles this offseason. The Bears were pegged as one of the teams in the running since they had been in the market for a new signal-caller following yet another disappointing year from quarterback Mitchell Trubisky.

Nagy is already familiar with what Foles brings to the table after the two had gotten well-acquainted during their lone season together with the Kansas City Chiefs.

It was in Kansas City that the one-time Pro Bowler credits to reviving his career and it is safe to say that this played an integral role in Chicago's efforts to find a way to pull the trigger on a deal. Although it will only cost them a compensatory fourth-round draft pick, they will still take on the bulk of the lucrative deal he signed with Jacksonville.

Foles earned himself quite a payday with his heroics as the backup for the Philadelphia Eagles during their Super Bowl run in the 2017 NFL season. However, the Jaguars have since ushered in a significant rebuild that has resulted in them parting ways with a number of key starters on both sides of the ball.

Fortunately, they still have a contingency plan under center and will now move forward with quarterback Gardner Minshew.