Adam Schefter tweeted the following on Wednesday afternoon: "Titans and RB Derrick Henry now working to finalize a deal before today’s 4 pm ET deadline, per sources. Deal on way to being done."
The parties have until 4 PM EST to reach an agreement or Henry will play out this season on the franchise tag. Henry led the league in rushing last year, totaling 1,540 yards on 303 carries to go along with 16 touchdowns and is poised to return as the feature back for the Titans in 2020. This report suggests he and Tennessee are working toward a last-minute extension to keep him with the Titans long-term. A long-term extension would only solidify Henry's status as a workhorse back and surefire RB1 in fantasy.