Toronto general manager Jeff Weltman has agreed to become the Orlando Magic's President of Basketball Operations, reports Adrian Wojnarowski of The Vertical. According to Wojnarowski, Weltman and the Magic met on Monday and the two parties are finalizing a five-year deal.

Weltman's tenure as general manager of the Raptors was a short one, with the 2016-17 season serving as his debut and lone campaign. Upon joining the club in 2013, he served as its executive vice-president of basketball operations. Weltman was named the general manager after Masai Ujiri was promoted to team president ahead of last season. Weltman has also held executive positions with the Milwaukee Bucks, Los Angeles Clippers and Denver Nuggets.

Toronto finished with a record of 51-31 under Weltman, reaching the second round of the playoffs where they were defeated by the Cleveland Cavaliers in four games.

Given the Raptors front-office approach under Ujiri the past four seasons, assistant general manager Bobby Webster would seemingly be a strong candidate to take over the vacant GM position.

Orlando parted ways with former general manager Rob Hennigan in April, and appointed Matt Lloyd as the club's interim GM.

The Magic finished 29-53 in 2016-17 and failed to qualify for the post-season for the fifth consecutive season.