Utah Jazz forward Carlos Boozer goes up against Los Angeles Lakers forward Pau Gasol in the first half during Game 1 of their NBA Western Conference semi-final playoff series in Los Angeles, May 2, 2010. [Xinhua/Reuters Photo]

Chicago Bulls reached an agreement with power forward Carlos Boozer Wednesday on a five-year contract worth about 80-million dollars, according to the Chicago Tribune.

The deal is in place, and is expected to be inked on Thursday, when the moratorium on free agent signings is lifted, the report said.

Boozer spent the last six seasons with Utah Jazz and picked up a player option that earned him 12.65 million U.S. dollars in 2009-2010 when he posted averages of 19.5 points, 11.2 rebounds and 3.2 assists while shooting 56.2 percent from the floor in 78 games.

The eight-year pro previously played two seasons for Cleveland Cavaliers, which made him a second-round pick out of Duke in 2002.