For the third time in four years, the NFL Draft has a new home.

CBS Sports NFL Insider Jason La Canfora has reported that the league's annual event will be moved to Philadelphia in 2017. The draft was held in New York in 2014, before moving to Chicago for 2015 and 2016.

The league is expected to make the official announcement on Thursday in a press conference that will be held at Philadelphia City Hall.

The NFL Draft is headed for Philly. Getty Images

The NFL has had its eye on Philly for a while now. Back in April, it was reported that Philadelphia was a front-runner to host the 2017 draft, something that NFL commissioner Roger Goodell acknowledged at the time.

"I know they're interested in it," Goodell said in April. "And we're interested in Philadelphia, but among the other cities. We've got a lot of interest. We want to sit down after we're done and see what the best decision is for the NFL."

The 2017 draft will mark the first time since December 1960 that the draft has been held in the City of Brotherly Love.

The good news for Eagles fans is that December 1960 also happens to be the last time that Philly won an NFL title, which means Eagles fans should probably start thinking about snatching up Super Bowl tickets.

The bad news for Eagles fans is that if the draft's in Philly, they won't have a first-round pick to boo because the team traded their 2017 first-round pick to Cleveland so they could move up to the No. 2 spot in this year's draft.