Detroit Pistons general manager Geoff Petrie announced Wednesday that the former Bulls star and current Golden State Warriors guard will sign with the Pistons.
Wade will reportedly receive a five-year, $55 million deal, per ESPN’s Adrian Wojnarowski.
The signing is a significant boost for Detroit, which has struggled to find the right point guard to replace Kevin Love and Jimmy Butler.
Wade, who was a three-time All-Star, led the Bulls to back-to-back titles in 2017 and ’18.
Wade also had seven years left on his deal.
The 23-year-old Wade, a two-time NBA All-Defensive selection, was named to the All-NBA First Team and was selected to the NBA All Star Game twice.
He was a key piece of Chicago’s championship team in 2016 and ’17.