NFL insider Jay Glazer is reporting that the San Francisco 49ers have agreed to a deal that would send QB Alex Smith to the Kansas City Chiefs.

49ers have completed a trade with the Chiefs for Alex Smith, tho can’t be official til March 12. Chiefs really made a commitment to Smith

— Jay Glazer (@JayGlazer) February 27, 2013 ^[1]

Multiple reports confirm that the 49ers will receive the Chiefs’ second round pick (34th overall) in April’s NFL draft, as well as a conditional mid-round pick in 2014.

Smith was benched in favor of Colin Kaepernick last season and The 49ers were expected to trade the former no. 1 overall pick this offseason.

Andy Reid is in his first season as the Chiefs head coach after being fired from the Philadelphia Eagles. Reid is famous for his quarterback-friendly system that helped players like Mike Vick flourish as a passer.

If the trade goes down on March 12, the Chiefs are expected to select Texas A&M OT Luke Joeckel in the 2013 NFL Draft to protect Smith’s blindside.