As first reported by ESPN's Adam Schefter early Tuesday morning, Norwell is planning to sign a five-year, $66.5 million deal with the Jacksonville Jaguars.
The 49ers are considering making a significant addition to their offensive line through free agency as the free agent negotiating period begins Monday.
Norwell was named a first-team All-Pro last season as the starting left guard for the Panthers.
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PFT has learned, via a league source, that Norwell intends to sign a contract with the Jaguars when the new league year starts on Wednesday afternoon.
The 26-year-old Norwell has spent his entire National Football League career as a member of the Carolina Panthers up until this report surfaced.
According to the report, the deal will make Norwell the NFL's highest-paid guard with an average annual salary of $13.3 million. Former Panthers general manager Dave Gettleman was attempting to lure Norwell to the Giants as part of a rebuilt offensive line.
While such an injury occurred as a result of his only catch of the season, the 24-year-old tallied just the lone reception, which went for 17 yards.