Green was scheduled to become an unrestricted free agent Wednesday night.
Green, 29, has been making a quicker than normal recovery from a torn quadriceps muscle that he sustained last October. There is a possibility that the ninth-year pro will be ready to participate in training camp, though, the Packers probably will be extra cautious with him in the preseason. Green only played in five games last season before he was injured. He had 255 yards rushing on 77 carries for a career-low average of 3.3 yards per rush.
Green hopes to begin running in the next few months, the Packers said in a release.
In 2006, Green could capture franchise records in rushing yards and total yards from scrimmage, marks held by a pair of Pro Football Hall of Famers. Green needs 1,101 yards on the ground to top Jim Taylor and 464 yards of total offense to surpass James Lofton. He enters '06 second in team annals with 7,103 rushing yards and third with 9,438 total yards.
No NFL player had rushed for more total yards from scrimmage from 2000-04 than Green, whom Ron Wolf acquired in a trade with the Seattle Seahawks in 2000. During that span, Green was named to the NFC squad in the annual Pro Bowl four times.
Green will be pushed by second-year pro Samkon Gado in training camp. Gado emerged as the team's leading rusher with 582 yards after he was signed off the street in early October of last season. He also led all running backs with six touchdowns, tying a Packers' rookie record.
Also Monday, the Packers announced that CB Jason Horton has signed a one-year contract extension. Horton was scheduled to become an exclusive rights free agent. His contract is worth $385,000.