"It's my pleasure to be part of the National Basketball Association at the time when the All-Star Game and surrounding festivities are coming back to town".
Chicago last hosted the NBA All-Star Game in 1988.
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He spent his first few seasons on the Minnesota Timberwolves , where he was supposed to be the Robin to Kevin Garnett's Batman. The former BYU star has averaged 50.3 points, nine rebounds and eight assists in his last three games.
The official announcement is expected to come Friday, with National Basketball Association commisoner Adam Silver and Chicago mayor Rahm Emanuel expected to be in attendance. Additionally, this means that All-Star weekend will emanate from a top-three market city for two of the next three years.
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The NBA All-Star weekend last took place in the Windy City during the 1987-88 season at the Chicago Bulls' former home, Chicago Stadium. Bulls star Michael Jordan was named the MVP of the game after scoring 40 points.
There was a reluctance to bring the game to Chicago in the past, as team owner Jerry Reinsdorf had said that the league would have to "force me to take the All-Star Game" during a 2012 interview with ESPN.
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"Of course, it had a slam dunk championship with Dominique WIlkins and Michael Jordan, that people are still talking about today, and a fantastic All-Star Game as well", Silver said.