A reported problem with his knee may keep O'Brien Schofield from becoming a Giant.

Rejoice, Giants fans. The Giants signing of linebacker/defensive end O'Brien Schofield isn't going to happen after all.

The acquisition hit a snag when the Giants noticed a problem with his knee during the physical. The deal was originally put on hold, but now appears "dead," one individual with knowledge of the situation told NJ.com.

Schofield agreed to a two-year, $8 million deal with the Giants on Tuesday after spending most of last season as a reserve for the Seahawks. The deal was not well received by a large portion of Giants fans because of the amount of money given to a player who has spent most of his four-year career as a backup.

Schofield, 26, did tear his knee during practice at the Senior Bowl in 2010, but his only other serious injury during his professional career was an ankle problem that sidelined him late in 2012. The knee problem was a surprise to all parties involved.

The Giants had planned on using Schofield at linebacker and as a pass-rushing defensive end. Their linebacking corps seemed to start taking shape after his deal and the re-signing of middle linebacker Jon Beason on Wednesday.