The Jazz now own five of the Warriors draft picks from 2014-2018. They acquired two first rounders and two second rounders in a previous trade that brought Andris Biedrins, Richard Jefferson and Brandon Rush to Utah.
Foye, 29, is expected to sign a 3-year deal with Denver for $9 million. The Nuggets will be the 5th team he has played for in his NBA career.
In his only season in Utah, Foye set the franchise records for most 3-pointers made, 178, and most 3-pointers attempted, 434. Foye averaged 10.8 points per game last season, playing in all 82 games, 72 of those starts. He shot 41 percent from 3-point range.
Foye will be the 5th Jazz player to leave the team, joining Al Jefferson (Charlotte), Paul Millsap (Atlanta), DeMarre Carroll (Atlanta), and Earl Watson (Portland).