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The Eagles and former Patriots wide receiver DeVante Parker reached agreement on a one-year, $4.69 million fully guaranteed deal, agent Jimmy Gould told ESPN's Adam Schefter on Tuesday.
Philadelphia will pay only $1.2 million of Parker's deal, with New England paying the rest.
"DeVante is thrilled and grateful to become a Philadelphia Eagle and to help this elite organization win a championship," Gould said.
The Patriots released Parker on Monday, after signing him to a new three-year deal worth up to $33 million in July.
Parker, 31, finished with 33 receptions for 394 yards and no touchdown catches last season.