The deal was completed late Monday, one day before the NFL's trading deadline, and gives the Panthers more options on the defensive line after season-ending injuries to Maake Kemoeatu (in training camp) and Louis Leonard (in Week 2).
It's a homecoming for the 6-foot-2, 306-pound Tyler, who grew up in Fayetteville, N.C., and played at North Carolina State. He was taken by the Chiefs in the third round of the 2007 draft and started all 16 games last season.
However, Tyler started in just two of six games for the Chiefs this season -- Ron Edwards replaced him -- and had 22 tackles. Tyler is expected to give Carolina options at nose tackle alongside 35-year-old Hollis Thomas, who signed with the team after Week 3 when he was released by the St. Louis Rams.
"Tank is a young defensive tackle who we think will fit in well with us," said Panthers general manager Marty Hurney, who scouted Tyler during the preseason. "He has good size and athletic ability."
The trade also leaves Carolina without yet another draft pick next spring. The San Francisco 49ers own the Panthers' first-round choice after a draft-day deal in April, and Carolina sent a sixth-round selection to the Cleveland Browns before the start of the season in exchange for Leonard.
"The players we got with those picks are young players," Hurney said. "We feel like they are guys who can hopefully fit in and are here for a while."
The Panthers have tried numerous other players at tackle without much success until Thomas' arrival. Carolina's two-game winning streak coincides with Thomas' move into the starting lineup, but the team had little depth behind him.
Hurney said Tyler could play both defensive tackle positions in the Panthers' 4-3 defense.
The Panthers announced Tuesday that they had released defensive tackle Antwon Burton to make roster room for Tyler. Burton had one tackle in two games this season.
The Associated Press contributed to this report.