The New York Jets are finalizing a trade to send quarterback Justin Fields to the Kansas City Chiefs, multiple outlets reported Monday.

The Jets will acquire a 2027 sixth-round draft pick in exchange, with the Chiefs taking on $3 million of the guaranteed $10 million of Fields¡¯ salary.

The move frees up about $4 million in cap space for New York and gives Kansas City a new backup quarterback for Patrick Mahomes, who is recovering from a torn ACL sustained in Week 15 of last season.

Mahomes, 30, is targeting a Week 1 return. Fields provides some insurance in case the two-time NFL MVP and three-time Super Bowl champion is not ready for the opener.

The deal is pending the result of a physical for Fields, 27, who signed a two-year, $40 million contract with the Jets last March but appeared in only nine games (2-7 as a starter).

New York traded for Raiders quarterback Geno Smith and also has Bailey Zappe and Brady Cook on the roster. Kansas City¡¯s QB room includes Mahomes, Jake Haener, Chris Oladokun and now Fields.

Drafted 11th overall by Chicago in 2021, Fields has a 16-37 record as a starter with the Bears (2021-23), Pittsburgh Steelers (2024) and Jets. He has completed 61.4% of his passes for 9,039 yards, 52 touchdowns and 32 interceptions while rushing for 2,892 yards and 23 scores.