The Saints and Packers are the two teams in the running for tight end Jimmy Graham, according to Greg Bell of the Seattle Times.
The Packers will release longtime receiver Jordy Nelson to save cap room.
The Packers announced the move Tuesday, a day before teams can begin to sign free agents. "He has been an exemplary professional and teammate and greatly contributed to our success".
The soon to be 33-year-old Nelson had a down year in Green Bay last year, hauling in 53 passes for 482 yards and six touchdowns.More news: China seeks early US-N. Korea talks
For Green Bay, cutting the veteran weapon will save the organization a cool $10.2 million against the cap.
Graham would provide the Packers with a playmaking threat at tight end. The Packers signed Martellus Bennett last offseason, but the team released him midseason saying he failed to disclose a previous injury. Releasing Nelson may not be a permanent move, however.
Nelson has posted 1,250-plus receiving yards and 13-plus touchdown catches in the same season three times in his career (2011, 2014, 2016), the fourth most in National Football League history behind Hall of Famers Jerry Rice (six), Randy Moss (five) and Terrell Owens (four).
After tearing the anterior cruciate ligament in his right knee during an August 2015 preseason game at Pittsburgh, Nelson returned in 2016 and caught 97 passes for 1,257 yards and 14 touchdowns to earn the NFL's comeback player of the year award.