Former Chicago Bears Pro Bowl center Olin Kreutz said he'd still play if he found a contender. He did.

Kreutz has reached agreement on a one-year deal for between $2 million and $3 million with the New Orleans Saints, a source told ESPN.com's John Clayton. Incentives could kick the deal up to $4 million.

The Saints host the Bears on Sept. 18.

Kreutz, 34, took it hard Saturday when talks broke off with the Bears, who had given him and his agent, Mark Bartelstein, an ultimatum on a one-year, $4 million contract, which was $2 million less than he was paid in 2010.

Kreutz was willing to compromise on the length of the deal, but the two sides were about $800,000 apart on the dollar amount. The team's first offer Thursday was close to $3 million.

Talks broke off quickly. Within the next 48 hours, the Bears signed former Seahawks center Chris Spencer, leaving Kreutz out of a job.

Kreutz talked about retirement, but after a few days to reflect, he re-opened the door to continue playing if he could find a team that can compete for a championship. The Bears went to the NFC Championship Game last season.