Brees and the Saints have reportedly agreed to a two-year contract worth $50 million with $27 million guaranteed, according to Jane Slater of NFL Network, which will take him through his 41st birthday.
Brees, who turned 39 in January, passed for 4,334 yards and 23 touchdowns, with eight touchdowns, previous year as the Saints posted their most balanced offensive numbers in several seasons.
There is the distinct possibility that could happen, as numerous teams are starting to reach out to Tom Condon, Brees' agent, and the quarterback himself with what could be huge offers.
So what does Brees expect in return?
Brees has also played against the Vikings in two of the franchise's most memorable games - the 2009 NFC Championship game, which the Saints won in overtime after a late Brett Favre interception, and, of course, the Minneapolis Miracle.
However Brees doesn't have to do it all for the Saints anymore.
Brees remains one of the best quarterbacks in the National Football League despite nearing 40 years old.
In the process, Brees and the Saints became a symbol of New Orleans' resurgence after the storm that flooded 80 percent of the city, flourishing together during the past decade-plus of recovery.
The 11-time Pro Bowler has thrown for 4,000 or more yards every season he has been with the Saints.