The Patriots have reached an agreement with Aaron Hernandez on a long-term contract, according to a source.

A fourth-round pick out of Florida in 2010, the tight end has two years remaining on his four-year, $2.785 million rookie contract. The deal is reportedly for five years and will have an annual average of $7.5 million.

New England's Rob Gronkowski, also a Pro Bowler in 2011, signed a six-year, $54 million contract extension in June.