Updated

Tyreek Hill appears to be the latest NFL superstar on the move.

The Kansas City Chiefs are set to send the star wide receiver to the Miami Dolphins for multiple draft picks, according to multiple reports on Wednesday.

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Tyreek Hill #10 of the Kansas City Chiefs and Brandon Facyson #35 of the Las Vegas Raiders try to catch the ball in the first quarter in the game at Allegiant Stadium on Nov. 14, 2021, in Las Vegas, Nevada. (Sean M. Haffey/Getty Images)

The Chiefs reportedly get five draft picks in return: a 2022 first-round pick (No. 29), a second-round pick (No. 50) and a fourth-round pick as well as a 2023 fourth-round pick and sixth-round pick.

The Dolphins later announced the trade.

Hill, a six-time Pro Bowler and three-time All-Pro, had proven to be Patrick Mahomes’ top wide-receiver target since 2017. Hill had 479 catches for 6,630 yards and 56 touchdowns in six seasons with the Chiefs.

Last season, Hill had a career-high 111 catches for 1,239 yards and nine touchdowns.

The move is an automatic upgrade for the Dolphins.

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Trade rumors started to ramp up earlier Wednesday when extension talks between the Chiefs and the wide receiver "stalled" and the team gave Hill’s agent permission to seek a trade, NFL Network reported.

Hill was reportedly seeking to become the highest-paid wide receiver in the NFL and will do so when he joins the Dolphins officially. Hill’s agent Drew Rosenhaus told ESPN that Hill and the Dolphins agreed to a four-year, $120 million extension with $72.2 million guaranteed.

Tyreek Hill of the Kansas City Chiefs and AFC looks on in the second half of the 2022 NFL Pro Bowl against the NFC at Allegiant Stadium on Feb. 6, 2022, in Las Vegas, Nevada. (Christian Petersen/Getty Images)

The star wideout will join a team with Jaylen Waddle, Chase Edmonds and Terron Armstead already on the squad. Tua Tagovailoa is set to enter his third season as Dolphins quarterback.

Miami fired Brian Flores over the offseason and hired Mike McDaniel to be its next coach. Miami has not been to the playoffs since the 2016 season and hasn’t won a playoff game since 2000.

Kansas City Chiefs wide receiver Tyreek Hill smiles before the AFC Championship game between the Cincinnati Bengals and Kansas City Chiefs on Jan 30, 2022, at GEHA Field at Arrowhead Stadium in Kansas City, Missouri. (Scott Winters/Icon Sportswire via Getty Images)

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Miami has now entered the conversation as a Super Bowl contender.