UPDATE: Owens Agrees to Terms?

TheRanchReport.com brings you the latest information surrounding unrestricted free agent wide receiver Terrell Owens.

Updating a previous report earlier Thursday, TheRanchReport.com has learned that the Dallas Cowboys will announce the signing of Terrell Owens, possibly as soon as early next week.

Sources close to the Cowboys indicated late Thursday evening that a deal has been reached between Dallas and Owens, however a contract has not yet been signed.

Terms of the deal have not been disclosed.

Barring an unexpected change of events, Owens will arrive in Dallas the subject of much controversy.

On the field, he has proven to be one of the most effective wide receivers in the National Football League. Off the field, he has created a firestorm in the locker room of the only two teams he's played for in the NFL- Philadelphia and San Francisco.

How he will fit in with the Cowboys remains to be seen, but he has already received the public support of QB Drew Bledsoe, who was quoted earlier this week as saying he would be open to the idea of Owens playing in Dallas.

In addition, Dallas has already released its No. 1 receiver from last year's team, Keyshawn Johnson, earlier this week. At the time, the move led many to speculate that Owens was on his way to Dallas.

Indeed, that now appears to be the case.

The Cowboys are expected to announce the deal after owner Jerry Jones returns from St. Barts, where he has been vacationing with his family this week.

For his career, Owens has caught 716 passes for 10,535 yards and 101 touchdowns. Last year with the Eagles, Owens caught 47 passes for 763 and six touchdowns in just seven games.

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