BOSTON (CBS) — Shane Vereen is moving on from the New England Patriots.

The free-agent running back will sign with the New York Giants, according to NFL Network’s Ian Rapoport.

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Fox Sports’ Mike Garafolo confirmed the news as well.

Vereen is set to become a free agent at 4 p.m. on Tuesday, which is when he’ll be able to sign the deal.

Yahoo’s Rand Getlin reported that the Patriots will have the opportunity to match the Giants’ offer, though the Boston Herald’s Jeff Howe said the Patriots aren’t likely to do so.

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Vereen, 26, was drafted by the Patriots in the second round of the 2011 NFL Draft. He’s played in 42 career regular-season games, amassing 907 yards and seven touchdowns on 217 rushes (4.2 yards per attempt) while catching 107 passes for 1,023 yards and seven touchdowns.

In Super Bowl XLIX, his last game as a Patriot, Vereen was a major part of the game plan, catching 11 passes for 64 yards. By catching 11 passes, Vereen tied for making the second-most receptions in a Super Bowl with four other players, two of whom (Deion Branch, Wes Welker) were members of the Patriots.

In seven career playoff games, Vereen rushed for 129 yards and one touchdown on 26 carries and caught 32 passes for 324 yards and two touchdowns.

The Patriots’ other running back, Stevan Ridley, is also set to become a free agent on Tuesday afternoon. The Patriots have LeGarrette Blount, Brandon Bolden, James White, and Jonas Gray under contract for 2015.

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The Giants were reported to be front-runners to land Vereen this offseason.