News broke of the trade on Tuesday evening, when FoxSports.com's Jay Glazer said a deal was close.
"It basically happened," Schefter said on SportsCenter on Wednesday morning. "It will be official this morning."
Schefter reported that Moss will be in uniform on Monday night against the Jets.
The trade gives the Patriots two picks in each of the first four rounds of the 2011 draft, as the Pats own their own picks in addition to Oakland's first-rounder (Richard Seymour trade), Carolina's second-rounder (traded 2010 third-round pick), Minnesota's third-rounder (Moss trade) and Denver's fourth-rounder (Laurence Maroney trade).
