PHILADELPHIA -- Michael Vick is back in the NFL. When he finally gets in a game, it might be at a new position.

Looking to add a new dimension to their offense, the Philadelphia Eagles gave the disgraced quarterback a one-year deal with an option for a second year. Vick wasn't brought in to compete with five-time Pro Bowl quarterback Donovan McNabb for a starting job, but the two could end up on the field together.

The first year of the deal is for $1.6 million with the second-year option worth $5.2 million, sources told ESPN's Chris Mortensen. Vick can also earn an additional $3 million in incentives over the two years of the contract, sources told ESPN.com's Len Pasquarelli.

Vick arrived in Philadelphia on Tuesday morning and remained there Wednesday evening. The Eagles will hold a news conference on Friday morning to announce his signing.

The Eagles were reportedly not the first team to extend an offer to Vick. FOXSports.com reported that the Cincinnati Bengals first offered Vick a two-year deal worth about $2.3 million.

Vick was the No. 1 draft pick in 2001 by the Atlanta Falcons and once the highest-paid player in football. But he has not played since 2006 when his career came tumbling down. He was convicted in August 2007 of conspiracy and running a dogfighting operation, sentenced to 23 months in federal prison and suspended indefinitely by the NFL.

But after serving his time and being released from home confinement July 20, NFL commissioner Roger Goodell conditionally lifted Vick's suspension, allowing him to sign with a team.

Vick can immediately take part in preseason practices, workouts and meetings and can play in the final two preseason games. Once the season begins, Vick may participate in all team activities except games, and Goodell said he would consider Vick for full reinstatement by Week 6 (Oct. 18-19) at the latest.

"I'm a believer that as long as people go through the right process, they deserve a second chance," Eagles coach Andy Reid said. "He's got great people on his side; there isn't a finer person than Tony Dungy. He's proven he's on the right track."

The Eagles went to the playoffs last season under quarterback Donovan McNabb, and are still looking for their elusive first Super Bowl win.