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Walters signed a one-year contract with a team option for a second year. At its maximum value, the contract is worth $2.3 million with incentives if the option is picked up. 

<p style="font-family:arial, sans-serif;color:rgb(51,51,51);">Walters signed with the team during the 2015 offseason. In two seasons with the Jaguars, Walters has shown reliable hands as a slot receiver.

<p style="font-family:arial, sans-serif;color:rgb(51,51,51);">The 29-year-old caught 24 receptions for 231 receiving yards and two touchdowns last season. He also worked as a punt returner.

<p style="font-family:arial, sans-serif;color:rgb(51,51,51);">With Walters back in the fold, the Jaguars have retained the top six wide receivers on the depth chart from last season. Walters rejoins Allen Robinson, Allen Hurns, Marqise Lee, Arrelious Benn and Rashad Greene heading into the offseason program.