XXLMag.com has learned that 2010 XXL Freshman, Freddie Gibbs, is on the verge of signing to Young Jeezy’s CTE Record label.

Rumors broke out months ago that Gibbs was in talks with the imprint, but according to sources close to the deal, the agreement is done. All that is left is the paperwork.

Reps for the Gary, Indiana native have yet to return phone calls for comment as of press time.

Gibbs is currently on tour with 2011 Freshman Big K.R.I.T. and Smoke Dza. The threesome will hit The Mohawk in Austin Texas tonight. —Jesse Gissen