Jones-Drew is coming off a poor season where he averaged a career-low 3.4 yards per carry.
The Steelers don't have much salary-cap space, just over $2.1 million.
Jones-Drew led the league in rushing in 2011 with 1,606 yards. He held out in 2012 and then suffered through an injury-plagued season. He had 803 yards rushing this season.
He's expected to contemplate his options and the Steelers will also explore their choices for a backup to Le'Veon Bell.
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Aaron Wilson covers the Ravens for The Baltimore Sun