"The Bears signing of free-agent defensive end Julius Peppers is imminent, according to a source with knowledge of the situation.

A separate source has told Sean Jensen of the Sun-Times that former Vikings running back Chester Taylor will also sign with the Bears today. A press conference announcing the signings of Peppers, Taylor and tight end Brandon Manumaleuna is expected to be held at Halas Hall later this afternoon.

The source said that although the Patriots and Eagles have also made offers for Peppers, the deal the Bears are offering is worth more per season and it would be a huge upset if Peppers left Halas Hall, where he is visiting today, without signing what is expected to be a six-year contract with approximately $12-14 million per year with the first three years guaranteed. The source said the Eagles and Pats are offering deals that are closer to $10 million per year."