The New Orleans Saints reached agreement with former Buffalo Bills safety Jairus Byrd on a six-year, $54 million deal that includes $28 million guaranteed, sources told ESPN's Josina Anderson and ESPN NFL Insider Adam Schefter.

The Saints announced the six-year deal Tuesday night, but not confirm the terms.

"We had hoped for the opportunity to pursue Jairus Byrd," Saints general manager Mickey Loomis said in a statement. "After meeting with him, we are excited that he will become a member of the New Orleans Saints. We think that his play-making abilities will be an excellent fit with what we are trying to accomplish with our defense and in our secondary."

Byrd received the Bills' franchise tag in 2013 but chose not to sign his franchise tender until the third week of the preseason after he was unable to reach a long-term deal with the Bills.