After the Giants released Jenkins last week, he was expected to join a playoff team and will do so with the Saints, who entered Monday's game against the Colts with a 10-3 record and the top spot in the NFC South.
The Giants released Jenkins on Friday after he refused to apologize for directing a slur at a fan on social media. The 31-year-old defensive back said Thursday that his usage of the word was "slang" that is "just part of my culture."
Jenkins started all 13 regular-season games for the Giants before being cut, recording 54 total tackles, four interceptions and 14 passes defensed. The Saints will owe Jenkins about $1.2 million for the remainder of this season, along with a 2020 contract that is scheduled to pay him $11.25 million.
It marks the second consecutive season the Saints will acquire a cornerback from the Giants in the middle of the regular season. New Orleans traded fourth- and seventh-round draft picks for Eli Apple in 2018.