Restricted free agent Malcolm Butler and the Saints have mutual interest in a long-term relationship on the heels of last week's meeting.
Butler's agent has exchanged proposals with New Orleans' management, NFL Network Insider Ian Rapoport reported Monday, and the two sides are not far apart on numbers.
The Patriots, though, have not engaged in any discussions with Butler on a long-term contract, much less with the Saints regarding trade compensation, Rapoport added.
Until Butler signs his $3.91 million tender, New England has no incentive to take action.
As Rapoport explained on Monday's edition of Up to the Minute Live, the Patriots are content to revisit their options if Butler signs an offer sheet with the Saints.
At that point, the Pats would decide whether to match the offer or simply accept the No. 11 overall pick in the 2017 NFL Draft -- the mandated level of compensation for poaching a restricted free agent assigned the first-round tender.
If New Orleans' decision-makers were to balk at that first-round price tag, they would have to come up with a different package of picks to meet New England's demands.
Bottom line? It's still premature to assume that Butler will be playing in a different uniform this season.