Ferrell will sign a contract with the Clippers for the remainder of the season, Adrian Wojnarowski of ESPN reports.
Ferrell has played three games with the Clippers while on a 10-day deal. In 29 minutes, he's totaled 14 points, 10 assists, one rebound and one steal. Ferrell will likely only see consistent minutes if the Clippers' backcourt suffers injuries.