Cam Newton isn't going anywhere.
The New England Patriots are re-signing the veteran quarterback to a one-year contract, per The Boston Globe's Jim McBride.
Newton would have been an unrestricted free agent March 17.
With our All Access Daily newsletter, stay in the game with the latest updates on your beloved Boston sports teams!
SIGN UP HERE Patriots Talk Podcast - Cam Newton returning to the Patriots on a one-year deal | Listen & Subscribe | Watch on YouTube
ESPN's Adam Schefter tweeted Friday that "The Patriots are bringing back Cam Newton but it doesn't preclude them from making another QB move in the weeks to come, per sources. This move locks in a QB heading into free agency."
Schefter also reported Newton's contract is worth "close to $14 million."
New England Patriots
Find the latest New England Patriots news, highlights, analysis and more with NBC Sports Boston.
NFL Media's Tom Pelissero reported Friday that this contract gives Newton "a chance to make a little more than he did in 2020, source said."
Curran: Here's who's on our Patriots free-agent wish list
Newton, 31, completed 65.8 percent of his passes for 2,657 yards with eight touchdowns and 10 interceptions last season. He struggled most of the 2020 campaign as the Patriots finished with a 7-9 record and saw their 11-year postseason appearance streak end.
However, Newton faced plenty of obstacles during his first season with New England. He didn't have a full or normal offseason to build chemistry with new teammates, he battled COVID-19 early in the regular season and his supporting cast on offense was underwhelming, to say the least.
It's unknown if Newton will be the starter by Week 1 in September, but it looks like he'll at least be in the mix.