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Mooney and the Falcons have reached agreement on a three-year contract, Ian Rapoport of NFL Network reports.

The deal reportedly is for $39 million, including $26 million in guarantees. It's a good landing spot for Mooney's fantasy value, with the Falcons also set to sign QB Kirk Cousins (Achilles) and lacking depth at WR behind No. 1 option Drake London. The former Bear came into the NFL as a fifth-round pick and had 1,686 receiving yards over his first two seasons, but a severe ankle injury cut his third year short, and he then dropped off to only 414 yards in 15 regular-season games in 2023. If nothing else, Mooney's 4.38 speed should help keep defensive backs honest and leave more space underneath for London, TE Kyle Pitts and RB Bijan Robinson.

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