From SportsandoBasket,

Source confirms that Andrei Kirilenko is on his way to leave CSKA Moscow and join New Jersey Nets where he will sign a multi-year deal

— Emiliano Carchia (@SportandoBasket) December 19, 2011

The Prokorhov effect is in full force with this one. After a lot of speculation that AK would head to New Jersey because of the Russian tie, it's finally happening apparently. AK will also be reunited with Deron Williams.

UPDATE (Already)

As fast as that went out, multiple reports came out stating that there is no deal. That doesn't mean that there won't be a deal eventually, but nothing in place right now. SportandoBasket is standing by his initial statement.

Nets official tells Y! Sports that they have no agreement with Andrei Kirilenko.

— Adrian Wojnarowski (@WojYahooNBA) December 19, 2011