Michael DiRocco breaks down possible moves the Jacksonville Jaguars can make during the offseason now that they have freed up $51.5 million. (1:01)

JACKSONVILLE, Fla. -- The Jacksonville Jaguars have agreed to trade defensive end Calais Campbell to the Baltimore Ravens for a fifth-round pick in the upcoming NFL draft, league sources told ESPN's Adam Schefter on Sunday.

Campbell is due to make $15 million with a salary-cap figure of $17.5 million in the final year of the four-year, $60 million contract he signed in March 2017. The trade will become official when the new league year begins Wednesday.

The Ravens will sign Campbell, 33, to a contract extension through the 2021 season once the trade is official, a source told ESPN's Dan Graziano.

"I think that the Ravens had a special season last year," Campbell told ESPN's Josina Anderson. "I feel like I can add some value in a couple places. I feel like this is a team where everyone has bought in. The goal next season is to get a championship. I'm still chasing a ring."

Campbell will go down as the best free-agent signing in Jaguars history; he signed for $30 million guaranteed. Campbell had 31.5 sacks in 48 games and made the Pro Bowl three times in three seasons with the Jaguars.

(1/6) Like anything in life, they say great things only last for so long. My time in Jacksonville has been a once-in-a-lifetime experience filled with love, support and pure joy from the Duval community. pic.twitter.com/jzfcSxZzSX — Calais Campbell (@CalaisCampbell) March 15, 2020

Campbell also was a first-team All-Pro in 2017 and was the 2019 Walter Payton Man of the Year for his charitable works. Campbell spent the first nine years of his career with Arizona, which selected him in the second round of the 2008 draft.

Campbell has 88 sacks, 14 forced fumbles and 11 fumble recoveries in his 12-year career.

The Ravens' top priority in the offseason is upgrading the pass rush, and the addition of Campbell certainly helps that. The team also placed the franchise tag on pass-rusher Matthew Judon on Friday.

The Jaguars, who agreed to trade cornerback A.J. Bouye to Denver for a fourth-round pick earlier this month, now have 11 picks in the upcoming draft. The pick from the Ravens was acquired in a trade with the Vikings for backup kicker Kaare Vedvik, who lasted three weeks in Minnesota before getting cut.

"Two weeks ago I wouldn't have even thought it was possible that I would get traded," Campbell said. "Then once I saw A.J. leave, that made me pause. Then I was told to stay by my phone and now I'm a Raven. I am excited to play along with that Ravens secondary."