It will be a one-year deal worth $5 million, according to ESPN on Sunday. Ward had been scheduled to make a non-guaranteed $4.5 million with the Broncos in the final year of the four-year contract he signed in 2014 but was cut after three seasons.
The 30-year-old Ward started 14 games last season and recorded 69 tackles, one sack and one interception. He did not play in any of the four preseason games after suffering a hamstring injury in practice in early August.
Entering his eighth NFL season, Ward spent the last three years with the Broncos after being signed as an unrestricted free agent in 2014. He started all 41 regular-season games played as well as four postseason contests while making the Pro Bowl in two of his three seasons in Denver (2014, 2015).
Ward totaled 222 tackles, five sacks, three interceptions, 19 passes defensed, five forced fumbles and two fumble recoveries in regular-season action with the Broncos. In the postseason, he added 19 tackles, one interception, three passes defensed and one fumble recovery. He picked off Carolina's Cam Newton in Super Bowl 50 two seasons ago to help Denver win a championship.
Ward started all 95 regular-season games played during his NFL career with Denver (2014-16) and Cleveland (2010-13) after being selected by the Browns in the second round (38th overall) of the 2010 draft out of Oregon. His seven-year NFL totals include 545 tackles, 8.5 sacks, eight interceptions, 41 passes defensed, 10 forced fumbles and three fumble recoveries.