NBA superstar Lebron James has reportedly announced he will sign for his former team, Cleveland Cavaliers. James, who was drafted by the Eastern Conference team Cavaliers in 2003 NBA Draft, will play for the organization again next year, according to a Sports Illustrated article on Friday.

"I’m ready to accept the challenge. I’m coming home," he was quoted as saying.

James has been a member of the Miami Heat between the 2010 and 2014 seasons, and led the team for four consecutive NBA Finals appearances.

- 'Something magical'

The Heat won the 2012 and 2013 campaign, the franchise's first back-to-back trophies.

Lebron was the team's leader throughout the four seasons, playing alongside the other 2003 draftees, Dwayne Wade and Chris Bosh.

He said in the article: "I went to Miami because of D-Wade and CB.

"I believed we could do something magical if we came together. And that’s exactly what we did."

- 'Brothers for life'

He denied rumors that he and the Miami Heat's management did not get along because of his decision.

He said: "I want an opportunity to explain myself, uninterrupted.

"I don’t want anyone thinking: 'He and (head coach) Erik Spoelstra didn’t get along … He and Riley didn’t get along … The Heat couldn’t put the right team together.' That’s absolutely not true."

"Nothing will ever change what we accomplished. We are brothers for life.  I also want to thank Micky Arison and Pat Riley for giving me an amazing four years," he added.

The signing will bring back James to Cleveland, where he led the team in the NBA Finals in 2007, when the Cavaliers lost the championship to Western Conference giants San Antonio Spurs.