49ers Free Agency Tracker: Rumors, Reports, and Signings: Kenneth Walker is headed to the Chiefs

The San Francisco 49ers figure to be busy during the early goings of free agency—whether it’s retaining their own, bringing back familiar faces, or taking a big swing on a pricey player.

Colts free agent wide receiver Alec Pierce has every trait the Niners desire for a wide receiver. If Kyle Shanahan wants to add the league leader in yards per reception in each of the previous two seasons, who just so happens to be 6’3” and one of the fastest wideouts in the game, the team can’t be shy about being willing to spend.

NFL Insider Josina Anderson tweeted the 49ers “might pay” the robust price tag for Pierce. She mentioned how the Patriots would be out on Pierce if that price tag ended up being $30 million annually.

The 49ers’ pending free agents include a couple of key contributors, Jauan Jennings and Kendrick Bourne. The need for a veteran to pair with Ricky Pearsall is likely at or near the top of the priority list for San Francisco during the next couple of weeks.

Other popular names the 49ers have been tied to include Mike Evans and Romeo Doubs. We will update with all the rumors, signings, and reports involving the team throughout the day.

Kyle’s update, 6:58 a.m. PT: We’ve had two trades before 7 a.m. The Packers sent Rashan Gary to the Cowboys in exchange for a 2027 fourth-round pick.

Gary is under contract for two more seasons, but does not have any guarantees remaining on his deal. Green Bay was likely to release Gary, which is why the trade compensation was so low.

The Miami Dolphins sent safety Minkah Fitzpatrick to the New York Jets in exchange for a 2026 7th-round pick. Fitzpatrick is expected to sign a 3-year, $40 million extension.

Ed Ingram signed a three-year deal for $37.5 million, including $23.5 million in guarantees with the Texans.

Rickey Scoops tweeted that Trey Hendrickson is headed to the Cowboys, but that has since been deleted.

Kyle’s update, 9:04 a.m. PT: That didn’t take long. Alec Pierce agreed to stay with the Colts for a four-year, $114 million contract. Pierce gets $60 million in guarantees.

The Athletic’s Dianni Russini mentioned the 49ers among the four other teams that were interested in Pierce.

The Patriots signed DL Dre’Mont Jones to a three-year, $39 million deal.

Kyle’s update, 9:23 a.m. PT: Former Seattle Seahawks running back Kenneth Walker is headed to the Kansas City Chiefs. There are no details of his deal reported yet, but the Super Bowl champs lose a key piece and an explosive offensive weapon.