The Roosters will be hoping Lodge provides a much-needed boost to their middle forwards stocks after an underwhelming first half of the season that's seen them languishing in mid-table.
The Eels were also reportedly interested in Lodge, but were hesitant due to his notational salary cap value of around $22,000 per match.
The Roosters, on the other hand, had cap space available after the departures of Ronald Volkman and Freddy Lussick.
The deal as it stands is only for the remainder of the 2022 season and Lodge, who had expressed his desire to return to the NRL as soon as possible after his Warriors exit, will be hoping it could turn into an extended deal.
"I don't want to play park footy," Lodge said.
"I'll keep myself as fit as I can and I'll be ready if there is an opportunity at any of the clubs."
Lodge was spotted playing suburban rugby union for the North Brisbane second grade team, just days after his Warriors release.