It's happening. According to a report from Jay Glazer, the Philadelphia Eagles have agreed to terms with free agent quarterback and cult hero Tim Tebow.

"Scoopage: The Eagles are planning to bring in Tim Tebow and sign him tomorrow as they begin their offseason program FOX SPORTS has learned."

More from ESPN's Adam Schefter:

"Tim Tebow has reached agreement on a new deal with the Eagles, two sources said Sunday. Tebow is scheduled to arrive in Philadelphia -- and get a deal done -- in time to be in attendance for the start of the Eagles off-season program Monday.

Philadelphia has finalized an agreement with the 27-year-old Tebow, the framework of which was put into place when he worked out for the team last month.

Before signing Tebow, the Eagles first wanted to try to trade backup quarterback Matt Barkley. But when the team could not get enough in return, it decided to bring in Tebow anyway so that he could be present for the team’s entire off-season program.

Tebow now will join a crowded Eagles’ quarterback roster that includes Sam Bradford, Mark Sanchez and Barkley, giving Philadelphia three former first-round picks at the quarterback position in addition to another decorated college player. And it also will reunite Tebow and Sanchez, who were teammates with the New York Jets.

Football’s most interesting team this off-season, the Eagles, just got even more interesting – if that were possible. Tebow now will attempt to jumpstart an NFL career that has been on hold since he played his last NFL game in 2012. Since then, Tebow continued to train for two full seasons with the noted throwing coach, Tom House, who also has worked with New England Patriots quarterback Tom Brady.

Tebow, who has been working for ESPN and as an analyst for the SEC Network, last played in an NFL regular-season game when he was with the Jets after playing two seasons with the Denver Broncos.

Tebow went to training camp with the Patriots before being released in August 2013. He struggled to find consistency with the Patriots, completing 11 of 30 passes for 145 yards and two touchdowns and two interceptions in three preseason games.

"I will remain in relentless pursuit of continuing my lifelong dream of being an NFL quarterback," Tebow wrote on Twitter after he was released by New England. Now the pursuit continues – in Philadelphia."

...

This signing isn't totally unexpected. Philadelphia obviously brought in Tebow for a workout earlier this offseason. After leaving town without a deal, one report indicated the Eagles were going to sign Tebow if the team could trade Matt Barkley. As Schefter notes, the team couldn't trade Barkley, so they just signed Tebow anyway.

Tebow, a former first round pick of the Denver Broncos, hasn't been in the NFL since the Patriots released him in August 2013. He used to be teammates with Sanchez when they both played on the New York Jets in 2012.

Tebow went 8-6 as a starting quarterback in his three-year career. He's recorded 173 completions on 361 attempts (47.9%) for 2,422 yards, 17 touchdowns, nine interceptions, and a 75.3 passer rating. He's also rushed for 989 yards and 12 touchdowns but has 15 fumbles.

It's far from guaranteed Tebow will make the Eagles roster. It's very possible he's just a camp arm. But that won't stop the Tebowmania from running wild, brother.