According to widespread reports, wide receiver Woods will join the Titans in exchange for a sixth-round draft pick in 2023.
The Titans were looking for a new complement for number one wide receiver A.J. Brown after releasing Julio Jones following his injury-hit season with the AFC South winners in 2021.
Woods, who spent five seasons with the Rams, also suffered injury frustration last season, tearing his ACL in November and missing the Super Bowl run.
Prior to that, though, Woods had been consistently productive for the Rams, most notably racking up 266 catches for 3,289 yards in remarkable three-year run from 2018 to 2020.
The 29-year-old had a $3.5million roster bonus due on Sunday and the Rams recently made a big move at the receiver position.
They signed top free agent Allen Robinson to partner with All-Pro Cooper Kupp, who won the receiving triple crown as he topped the NFL for receptions, receiving yards and receiving touchdowns last year.
Odell Beckham Jr. helped to fill the void left by Woods' injury towards the end of last season and the Rams are still reportedly keen to bring him back as well.
The Rams' situation gave the Titans, who won the AFC South last season and went into the playoffs as number one seeds in the conference, a window to strike a deal for Woods.
After a stunning regular season, the Titans promptly lost to the Cincinnati Bengals, who went on to face the Rams in the Super Bowl, in the Divisional Round when the postseason began.
Tennessee have made the playoffs in three straight seasons and hope Woods can help a roster that also contains quarterback Ryan Tannehill, star wideout Brown and running back Derrick Henry to make the next step.
ESPN's Adam Schefter and Dianna Russini reported that Woods sustained the serious injury in practice on the day Odell Beckham Jr. joined the 7-2 Rams.
Woods was reportedly able to finish the session, but the extent of the damage done was revealed when he underwent tests.
Team captain Woods will play no part in the rest of the season as the Rams bid for Super Bowl glory.
Woods made 45 receptions for 556 yards and scored four touchdowns this season.
Beckham's arrival means he, Cooper Kupp and Van Jefferson will likely see the bulk of the targets from quarterback Matthew Stafford in Woods' absence.
Woods had told the media on Friday: "We're all working for the same goal. His thing is, I feel like, why he [Beckham] left -- he wanted to be a part of it and contribute, and I think just coming into this offense, he wants to work and contribute.
"We're all working toward the same goal: winning, grinding. I don't think it should be anything disruptive.''
The Rams' next game is against the San Francisco 49ers on Monday.
ESPN's Adam Schefter and Dianna Russini reported that Woods sustained the serious injury in practice on the day Odell Beckham Jr. joined the 7-2 Rams.
Woods was reportedly able to finish the session, but the extent of the damage done was revealed when he underwent tests.
Team captain Woods will play no part in the rest of the season as the Rams bid for Super Bowl glory.
Woods made 45 receptions for 556 yards and scored four touchdowns this season.
Beckham's arrival means he, Cooper Kupp and Van Jefferson will likely see the bulk of the targets from quarterback Matthew Stafford in Woods' absence.
Woods had told the media on Friday: "We're all working for the same goal. His thing is, I feel like, why he [Beckham] left -- he wanted to be a part of it and contribute, and I think just coming into this offense, he wants to work and contribute.
"We're all working toward the same goal: winning, grinding. I don't think it should be anything disruptive.''
The Rams' next game is against the San Francisco 49ers on Monday.