GREEN BAY, Wis. - The Green Bay Packers have reached an agreement to trade quarterback Brett Favre to the New York Jets, the team announced late Wednesday night. Terms of the trade weren't immediately available.

The Packers had been talking with the Jets and Tampa Bay Buccaneers since deciding earlier this week that the team and the three-time MVP couldn't co-exist. The Packers decided to move forward with Aaron Rodgers as their starter after Favre announced his retirement in March.

"Brett has had a long and storied career in Green Bay, and the Packers owe him a tremendous debt of gratitude for everything he accomplished on the field and for the impact he made in the state," Green Bay officials said in a statement.

"It is with some sadness that we make this announcement, but also with the desire for certainty that will allow us to move the team and organization forward in the most positive way possible."

Jets chairman and CEO Woody Johnson issued a statement early Thursday.

"I am looking forward to seeing Brett Favre in a New York Jets uniform," Johnson said. "He represents a significant addition to this franchise, and reflects our commitment to putting the best possible product on the field. Mike Tannenbaum and his football administration staff did a great job of navigating this complex process. I am excited about welcoming Brett, Deanna and their family to the Jets organization."

The agreement was first reported by Fox Sports on its Web site.

Favre left Green Bay on Wednesday, boarding a private plane that left for Hattiesburg, Miss. at 1:25 p.m. EDT with Deanna and agent James "Bus" Cook. Favre's family home is near Hattiesburg.

In Mississippi, Favre confirmed that he was considering the Jets and Buccaneers.

"We're working on it," Favre told Jackson TV station WJTV. "Hopefully, we can get something resolved. I've been saying that for quite a while now. I don't want to say we're running out of time, but I need to get into a camp somewhere."