"Parramatta hooker Nathan Peats has tonight agreed to terms to play for the Gold Coast Titans for the remainder of 2016 and the 2017 seasons," it read.
"The 25-year-old, who has totalled 89 NRL games for Parramatta and South Sydney and has also played back row, will leave Sydney for the Gold Coast in coming days.
"There will be no further comment from the club at this stage."
News Corp Australia reported the Titans reached agreement on a $450,000 arrangement with Peats which will result in him pocketing $150,000 for the rest of this season.
He could be playing as soon as Monday for the Titans, who take on the Sydney Roosters on the Gold Coast.
Peats' father Geordi, who played for Canterbury and Souths, earlier slammed the conduct of Eels officials Steve Sharp, Tom Issa, Peter Serrao, John Boulous and Daniel Anderson.
The quintet has been provisionally suspended by the NRL over the Eels' alleged salary-cap rorts.
"You have five f***wits on the board who can't add up and it bites a player on the arse when it's not his fault," Geordi Peats told Fairfax Media.
"They reckon they've got nothing to answer for, they are pathetic."Peats said the players were the ones who ultimately suffered for the board's mistakes, adding his son was a "pawn in the big game".
"(Nathan) is shattered, he's filthy. He's not happy, he can't believe it. They go and buy Kieran Foran and built well this year but obviously they didn't have the money to do it," he said.
"They told him yesterday they can't give him a contract for next year because they stuffed up (2017) as well. They don't know what they're doing."
