About an hour after reports of the trade surfaced, the Atlanta Falcons have now confirmed the Julio Jones trade to the Tennessee Titans, and the details of the terms of the deal.

The Falcons have agreed on terms of a trade that will send the seven-time Pro Bowler to the Tennessee Titans for a compensation package that includes a 2022 second-round NFL Draft pick, ending weeks of speculation about whether Jones would remain with the team that drafted him in 2011. All told, the Falcons will get a second-round pick next year and a 2023 fourth-round pick for Jones and a sixth-round pick in 2023.

For the Titans, it was a way to bolster the offense, and add the seven-time Pro Bowl receiver to Derrick Henry and A.J. Brown to the defending AFC South champs and an offense that ranked fourth in scoring in 2020. The Titans filled a hole in their offense that was created after they lost wide receiver Corey Davis and tight end Jonnu Smith in free agency in March.

The trade creates substantial 2021 salary-cap space for the Falcons, and splits his cap hit to give the Falcons welcome relief over multiple seasons.

The trade ends Jones’ Falcons tenure after 10 seasons, 12,896 yards, 60 touchdowns and two first-team All-Pro honors. Jones ranked high among NFL receivers during that prolonged period of elite play, where he helped the Falcons reach the playoffs four times.