Michael Vick will be a Chip Kelly quarterback after all.
FOXSports.com has learned that the Philadelphia Eagles are not parting ways with Vick despite months of rumors to the contrary. The team and Vick worked out a restructured contract on Monday.
Kelly will hold a press conference to discuss the deal at 1 p.m. ET.
Vick, 32, fits Kelly's up-tempo offense. He was guaranteed $3 million next season as part of his $15.5 million base salary before agreeing to a restructured contract.
Vick threw for 2,362 passing yards, 12 touchdowns and 10 interceptions in his fourth season with the Eagles but was sidelined for six games after suffering a concussion against the Dallas Cowboys on November 11.
Nick Foles was later named Vick's replacement for the rest of the season but missed the Eagles' Week 17 game against the New York Giants after breaking his hand the week before against the Washington Redskins. Vick started at quarterback against the Giants in a 42-7 loss.