The deal is pending a physical. NFL Network's Albert Breer adds the compensation is two 2014 mid-round picks, per multiple sources informed of the trade.
Monroe has started 62 of 65 games for the Jaguars over the past five years, including all four games this season. The move will send current Ravens starting left tackle Bryant McKinnie to the bench.
This article was written by Glenn Erby. Follow him on Twitter here and read more of his work here.