The Cowboys may also be required to give up a 2009 pick based on Pacman's playing time in 2008.
However Jones is currently suspended from playing in the NFL by commissioner Roger Goodell. If he doesn't get reinstated for the 2008 season, the Titans will then send an undisclosed 2009 draft pick back to the Cowboys.
Pacman's agent, Manny Arora, confirmed the trade to TheRanchReport.com's Scott Knudsen moments ago.
The Ranch Report has maintained for the last six weeks this trade would be completed before the draft after speaking with several sources close to the situation in early March.
In fact, Arora told The Ranch Report on March 6 that Dallas could be a great fit for Pacman on numerous levels.
"I think Dallas could be a good fit for Adam," he said. "When he was growing up, Adam, like most young boys, dreamed about playing for the Cowboys. He just wants to play. He needs to get back to playing ball.
"Jerry Jones is a strong owner and a proven leader. Over the years the Cowboys have given players with a plethora of issues another chance. The Terrell Owens acquisition is just a recent example.
"The Cowboys have enjoyed risk-taking success, and they have leaders within their player ranks. Adam will need a good group of leaders around him. If not Tennessee, then whichever team it ends up being, they'll be getting a game changer."
If re-instated for the 2008 season, Jones gives the Cowboys one of the most explosive kick returners in the game and also could provide strong help in the secondary.
Dallas is in need of an additional cornerback after losing reserves Nate Jones and Jacques Reeves this offseason and is reportedly considering using one of its two first round picks to fill the need at the position in Saturday's draft.
Pacman Jones was officially suspended last April by NFL after being arrested five times since being drafted by the Titans with the sixth pick overall in 2005. He was then arrested a sixth time last June on charges from a Las Vegas strip club fight.
It was thought Jones would have an opportunity to return to the Titans near the end of the 2007 season, but that didn't happen.
NFL spokesman Greg Aiello told The Tennessean late last month his status would be re-evaluated before the start of training camp.
"He remains suspended and will be considered for reinstatement prior to the opening of training camps," Aiello said.
Pacman to Dallas Trade Complete
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