Carolina Panthers TE Greg Olsen will sign a two-year extension Thursday worth $8.55M per year with a maximum value of up to $10.05M per year, a source told ESPN's Adam Schefter.
Olsen, who last month interviewed for the Monday Night Football analyst job previously held by Jon Gruden, was entering the final season of a three-year extension signed in March 2015.
He told ESPN recently that he wanted an extension with the Panthers and that he would prefer to end his career in Carolina.
Olsen, 33, missed nine games last season with a broken foot sustained in Week 2.