Jay Glazer of Fox Sports was the first to report that the Patriots and Buccaneers have "agreed to parameters" of a trade that would send five-time All Pro guard Logan Mankins to Tampa in exchange for a fourth-round draft pick and Tim Wright.
Jason Licht would quickly confirm the deal with local media.
Mankins is a former first-round pick of the Patriots, and has been with the team since 2005. His record of All Pro and Pro Bowl nominations speak for themselves, as he's been an integral part of one of the most consistent offenses of the past two decades.
Last season, Mankins earned a 13.8 grade from Pro Football Focus at left guard, a position he figures to assume from Oniel Cousins immediately upon his arrival.
However, the guard doesn't come cheap. The Buccaneers are shipping a draft pick to the Patriots (Adam Schefter would later confirm it is a fourth-round pick), and second-year tight end Tim Wright to New England to complete the deal.
Wright had seemingly fallen out of favor in Tampa, with the addition of Austin Seferian-Jenkins in the draft and Brandon Myers in free agency. But the tight end had one of the best seasons for a rookie in NFL history, and will fit perfectly into the "Aaron Hernandez" role in New England.
According to Rotoworld, Mankins is set to earn $6.25 million this season on his current contract, and $6.75 million in 2015 and 2016.
2:04 PM ET: Updated to include draft pick involved in the trade.