Pro Bowl running back Chris Johnson and the Titans have agreed to a restructured deal, which still is not signed, a source confirmed to ESPN NFL Insider Adam Schefter.
The agreement was first reported by Profootballtalk.com.
Both sides are reviewing the contract, which could be signed within the next 48 hours. Some of his maximum $2.5 million escalator will be moved forward, and no new years will be added to the deal, the source said.
"We're still talking through some issues," a source familiar with the process said Monday. "It's going to get done, but it's not done yet."
Johnson had said he would hold out from the Titans' training camp, which begins July 31, unless he received either a long-term deal or a short-term fix to his 2010 salary.
He had been scheduled to make $550,000 for the 2010 season.
The two-time Pro Bowler said earlier this offseason he wants to be the highest-paid offensive player in the NFL, a bold goal for a running back. The Titans have maintained that Johnson remains under contract for three more seasons thanks to the five-year, $12 million deal he signed after being drafted 24th overall out of East Carolina.
Johnson was named The Associated Press' Offensive Player of the Year last season after rushing for 2,006 yards.
In 2009, Johnson also set the single-season record for yards from scrimmage with 2,509. He became the first player in NFL history to rush for 2,000 yards and catch 500 yards in the same season.
He also became the first player in NFL history to rush for three touchdowns of 85 yards or longer in a career, which he did in one season. Through two seasons, Johnson ranks third in NFL history with 3,234 yards to start his career. Only Eric Dickerson (3,913) and Edgerrin James (3,262) ran for more in their first two seasons.