His then-team, the Cleveland Browns, released him after he was found by federal prosecutors to be involved in an illegal investment scheme with Damilare Sonoiki, a Harvard-educated former investment banker.
Kendricks isn't expected to be sentenced until January 24, and according to Schefter the Seahawks will put him right to work.
Seattle plans to sign linebacker Mychal Kendricks to a one-year deal, according to ESPN's Adam Schefter.
Mychal Kendricks is months away from being sentenced for insider trading, and the Seattle Seahawks need a linebacker.More news: Neville responds to Klopp blast: Liverpool can't play 3 games a week
Kendricks first made headlines in late August when charges of insider trading were brought against the six-year National Football League veteran. Kendricks will learn of his fate at a sentencing hearing in December.
The Browns released him August 29, after the charges were filed. Kendricks allegedly profited almost $1.2 million by using non-public information he received from Damilare Sonoiki, a global investment firm banker, in exchange for $10,000 and a Eagles tickets.
The NFL has not yet announced any punishment that it might impose on Kendricks.
A second-round pick of the Eagles back in 2012, Kendricks started 74 games in six seasons with the team.