The Falcons are trading Ridder to Arizona in exchange for wide receiver Rondale Moore, Tom Pelissero of NFL Network reports.
The Falcons are expected to trade Ridder following the signing of Kirk Cousins to a four-year contract worth up to $180 million, Adam Schefter of ESPN reports.
Ridder figures to be relegated to a backup role with the Falcons set to sign Kirk Cousins, per the team's official website.
Ridder completed 22 of 30 passes for 291 yards with two touchdowns and one interception and netted no gain on two carries in the Falcons' 48-17 loss to the Saints on Sunday. He also lost a fumble.
Ridder will serve as Atlanta's starting quarterback for Sunday's game against the Saints, Tori McElhaney of the Falcons' official site reports.
Ridder will be replaced by Taylor Heinicke as Atlanta's starting quarterback Sunday versus the Colts, Josh Kendall of The Athletic reports.
Ridder completed 26 of 40 passes for 347 yards with one touchdown and one interception in the Falcons' 29-25 loss to the Buccaneers on Sunday. He also rushed four times for 15 yards and another score, committed two fumbles and lost one, and threw a two-point conversion pass.
Ridder completed 12 of 27 passes for 121 yards and one touchdown in Sunday's 13-8 win over the Jets. He also had zero yards on three rushing attempts.
Ridder completed 13 of 21 passes for 168 yards with a touchdown and two interceptions and added 30 rushing yards on seven carries in the Falcons' 24-15 win over the Saints on Sunday.
Head coach Arthur Smith confirmed Monday that Ridder will reclaim starting quarterback duties Sunday against the Saints, and the Falcons plan to stick with the second-year signal-caller as their starter for the rest of the season, Michael Rothstein of ESPN.com reports.