Running back Josh Jacobs reportedly agreed to return to the Las Vegas Raiders on a one-year deal worth up to $12 million deal, according to NFL Network's Ian Rapoport.

Jacobs had initially held out for the entire offseason and preseason after he refused to sign the $10.1 million franchise tag the Raiders placed on him after the 2022 season. Jacobs led the NFL in scrimmage yards this past season with 2,053 total yards but was unable to agree on a long-term extension with the Raiders before the deadline this summer.

Speculation around Jacobs' return to the team began Monday, with a report from Vinny Bonsignore of the Las Vegas Review-Journal claiming that the Raiders expected him to join the team before Week 1. The Miami Dolphins reportedly inquired about Jacobs' availability in a trade, but the Raiders reportedly shut those talks down pretty quickly, according to NFL Network's Cameron Wolfe.