The Patriots are signing Tebow, who is expected to participate in the team's mandatory minicamp Tuesday, as a quarterback, according to sources.
The move reunites Tebow with Patriots offensive coordinator Josh McDaniels, who was the Broncos' head coach when Denver traded into the first round to draft the Heisman Trophy winner in 2010.
Patriots head coach Bill Belichick often has spoken with admiration for Tebow's versatility, intelligence and character. Belichick covets what he has described as tough, smart, versatile football players.
Last month, Yahoo! Sports cited an "organizational source" as saying Belichick disliked Tebow as a player and there was "no chance" of him landing in New England. Belichick dismissed that notion last week, telling ESPNBoston.com that the report was completely untrue.
Ironically, Tebow's last NFL start came with the Broncos in a blowout playoff loss in Foxborough to Tom Brady and the Patriots following the 2011 season.