(Photo credit: Bill Streicher-Imagn Images)

Los Angeles Rams quarterback Matthew Stafford will remain with the team for the upcoming season.

'He's back,' the Rams posted on social media Friday.The post came hours after the Rams and Stafford, 37, met as rumors swirled about the quarterback's future in Los Angeles.

Multiple media outlets reported the Rams and Stafford reached agreement on a restructured deal that keeps him in Los Angeles. No financial figures were released.

The team gave Stafford's camp permission to contact other teams to assess his market value. He had two years left on his deal with a salary of $27 million in 2025 and only $4 million guaranteed. By base salary -- $23 million -- Stafford was No. 8 in the NFL, using current salary information.

The New York Giants and Las Vegas Raiders both had given details of a potential contract offer to Stafford's representatives, with each team thinking a two-year deal with guaranteed money of between $90 million and $100 million was in the ballpark, The Athletic reported.

Rams coach Sean McVay said earlier this week that the team would like to retain Stafford as its starting quarterback but there was much to consider. His contract would need to be renegotiated, for starters.

'There's no discrepancy on us wanting him to continue to lead the way and be our quarterback. The interesting and the challenging dilemma and dynamics within this are, 'Hey, how do you continuously as a head coach look at the short term and the long term and be able to figure out what does that really look like?'' McVay said on the 'Fitz & Whit' podcast.

Stafford is among the league's statistical greats, ranked 10th all-time in career passing yards (59,809) and touchdown passes (377), and ninth in both pass completions and attempts. He's 5-2 with the Rams in the playoffs, including a victory in Super Bowl LVI in 2022, after going 0-3 in the postseason over his 12 seasons in Detroit.

--Field Level Media