The source states that an official announcement by the NHL will be made on Tuesday.
Winnipeg has been a rumored destination for either the Coyotes or Thrashers for the past few years now. Considering the financial situations of both, it comes as no surprise that the Jets will finally fly back to Winnipeg.
It's been reported that the team has been sold to True North Sports and Entertainment, which owns the Manitoba Moose of the American Hockey League and team's arena, the MTS Centre arena that will be home to the new NHL team.
Although it is sad for Atlanta fans and citizens, the money lost by the organization in the past few years has been too much to maintain a successful franchise and environment in Atlanta.
Hopefully the enthusiasm shown by hockey fans in Winnipeg as of late translates to success financially in the Manitoba capital.
Note: The initial expansion of the NHL to non-traditional markets of warmer climates made fans second-guess the direction of the league early in the 1990s when the beloved Jets moved down south to Phoenix.
However, only the Thrashers have moved back to a traditional market so far while the Phoenix Coyotes were barely saved by the NHL and their fans.
Update: ESPN is reporting that a deal has not been reached yet.