Landry has informed the Dolphins he will sign the franchise tag that was placed on him last month, NFL Network Insider Ian Rapoport reports.

Based on trade talks with several teams, Landry is being viewed as a No. 1 wide receiver like Antonio Brown and DeAndre Hopkins, per Rapoport. By signing the tag, it guarantees him over $16 million in compensation for 2018.

Earlier this week, Rapoport reported the Dolphins granted Landry and his representatives permission to pursue and facilitate a trade.

Though Landry is intending to sign the tag, the belief is a trade will be able to happen.

The development comes after Landry explained earlier on Saturday -- via a 10-minute video titled "Juice" -- that it's unlikely he plays under the tag.