Nick Foles has informed the Philadelphia Eagles that he will void his $20 million option for 2019, according to a source.

The Eagles previously notified Foles they would be picking up his option.

Foles must pay the Eagles $2 million to opt out. The team is now expected to place the franchise tag on the quarterback, who is then likely to be shopped in a trade.

The tag number for next season for a quarterback is expected to be around $25 million.