JYE CALDWELL has officially joined Essendon on what is thought to be a lucrative deal.

The highly rated Caldwell, who was out of contract, informed the Giants that he wished to seek a move back to his home state of Victoria on October 22.

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Essendon sent pick No.29 and its future second-round selection to GWS in exchange for Caldwell, pick No.44 and No.74. 

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It's understood Essendon edged out St Kilda for the 20-year-old's services.

Caldwell played nine games this season to take his career tally to 11 across two years at the Giants.

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 He was regarded as one of the best midfielders in the 2018 NAB AFL Draft but slipped to pick No.11 after multiple hamstring setbacks. 

More to come