The Green Bay Packers might not be ready to part ways with Greg Jennings just yet.
CBSSports.com reported that NFL.com's Ian Rapoport tweeted Sunday that the Packers might place the franchise tag on the 29-year-old wide receiver, which would cost the team $10.4 million.
"Interesting to hear the #Packers are still considering franchising Greg Jennings. Thought that ship had sailed. Apparently not," Rapoport tweeted.
There have been reports that Jennings is asking for $14 million per season. The Milwaukee Journal Sentinel reported that the Packers might consider signing Jennings at a reduced rate.
Jennings was limited to only eight games last year when he had 36 receptions and only four touchdowns. In his place, Randall Cobb, James Jones and Jordy Nelson combined for 193 receptions and 29 touchdowns. But from 2008-2010, Jennings averaged 1,100 receiving yards each year and made two Pro Bowls.
Jennings put his house near Lambeau Field up for sale in January, which some saw as a sign that his days with the Packers were over. He also told the NFL Network he wouldn't mind joining former offensive coordinator Joe Philbin in Miami.
Teams have until March 4 to apply the franchise tag on a player.