A new contract could be on the horizon for Joe Flacco.
The Ravens are scheduled to meet with Flacco's agent to discuss restructuring the six-year, $120 million deal the franchise quarterback signed in 2013 while both sides are in Indianapolis for the NFL's Scouting Combine this week, according to ESPN.com.
MORE: NFL's most memorable QB controversies
Flacco's cap hit for the 2016 season is $28.55 million, third-highest among NFL quarterbacks, and the Ravens are intent on freeing up money to pursue free agents.
It's something Flacco has said he'd be receptive to if approached.
"I want to win and do everything we can to get something done," he said in January. "I don't know exactly what that will be because we haven't talked about it yet. I know it's a huge number and not realistic. I'm open to doing something. I want to be here for a while and play football here. That's what it's all about."
Flacco, 31, is coming off a torn ACL and MCL suffered Nov. 22, cutting short his season for the first time in his eight-year career. He'd completed 64.4 percent of his passes — a career high — for 2,791 yards, 14 touchdowns and 12 interceptions in 10 games.
The Ravens were hit hard by the injury bug in 2015, losing wide receiver Steve Smith, linebacker Terrell Suggs, left tackle Eugene Monroe, safety Matt Elam, and running back Justin Forsett to season-ending injuries.
They finished the season 5-11, going 2-4 in Flacco's absence.
As it stands, Baltimore has the second-lowest cap space in the NFL — $5.2 million, according to Spotrac.com.