Charles Rex Arbogast/Associated Press

The Oakland Raiders are reportedly working toward finalizing a contract with free-agent wide receiver Jordy Nelson.

According to ESPN's Adam Schefter, a source said, "This is going to get done."

However, Ian Rapoport of NFL Network reported the deal wasn't done yet and that both the Saints and Seahawks were still in the mix to land the talented veteran.

Nelson remains in Oakland after visiting with the team.

Per Rapoport, the Raiders plan to release veteran wideout Michael Crabtree and his $7.7 million cap hit if they sign Nelson.

According to Spotrac, the Raiders will save that entire $7.7 million and won't incur any dead money if they cuts ties with Crabtree.

The Green Bay Packers released Nelson this week after agreeing to sign free-agent tight end Jimmy Graham.

Green Bay's decision had much to do with the fact that it already had a great deal of cap space invested in wide receivers Davante Adams and Randall Cobb.

The 32-year-old Nelson is coming off a down season due primarily to the fact that quarterback Aaron Rodgers missed much of the campaign with a broken collarbone.

Nelson didn't have synergy with replacement Brett Hundley, and he ended the year with 53 receptions for 482 yards and six touchdowns.

The 2008 second-round draft pick out of Kansas State missed all of 2015 with a torn ACL, but he was named the NFL Comeback Player of the Year after registering 97 grabs for 1,257 yards and 14 touchdowns in 2016.

Nelson is a one-time Pro Bowler who has topped 1,000 yards receiving in a season on four occasions.

If the Raiders sign Nelson, they will have one of the most dynamic receiving tandems in the league, as he will join forces with Amari Cooper.

Although quarterback Derek Carr made the Pro Bowl for the third straight season in 2017, his passing yardage and touchdowns declined, while his interceptions increased.

However, as head coach Jon Gruden institutes a new system, and with Nelson potentially set to join the offense, Carr will be a strong candidate for a bounce-back year in 2018.