The Giants are expected to re-sign Shepard (knee) on Wednesday, when the new league year begins, Jeremy Fowler of ESPN.com reports.
Shepard is slated to return to the Giants on a one-year, $1.165 million deal heading into his eighth season in 2023, according to Art Stapleton of The Bergen Record. The 5-foot-10 wideout was selected by the Giants in the second round of the 2016 Draft and has been a steady producer since then, though he's dealt with numerous injuries over the last four seasons and appeared in just 32 games during that stretch. He tore his ACL in Week 3 of the 2022 campaign and remains in the rehab process, but the impending deal with the Giants suggests New York is happy with the progress the 30-year-old has made so far. However, his status for the start of the upcoming season remains unclear.