The Patriots have agreed to terms with Brandon Lloyd, according to ESPN's Adam Schefter. The details of the contract have not yet been released.
The Patriots were reportedly close to coming to terms with Lloyd over the past couple of days, according to the Boston Globe.
Lloyd made no secret of his interest with the Patriots, stating numerous times that he wanted to reunite with Pats offensive coordinator Josh McDaniels.
Lloyd and McDaniels have been together during the coach's tenure as head coach of the Denver Broncos, and during McDaniels' brief stint as offensive coordinator last season in St. Louis.
The free agent wide receiver broke out under McDaniels, posting a monstrous 2010 season. Lloyd had 1,448 yards and 11 touchdowns during his explosive season with Denver. Lloyd followed that up with 966 yards and five touchdowns last season, splitting time between the Broncos and the Rams.
For the Patriots, signing the 30-year-old receiver will give the Patriots their first legitimate deep threat since Randy Moss was traded during the 2010 season.