However, with the Jets reportedly losing Chris Ivory to the Jaguars, New York get push to get a deal done with Powell before the market opens on Wednesday.
Previous reports have said that Powell could end up securing a respectable contract due in large part to his effectiveness as receiver and runner.
Powell, 27, is a former fourth-round pick of the Jets back in 2011. He has spent his entire five-year NFL career in New York and will be unrestricted free agent this offseason.
In 2015, Powell appeared in 11 games for the Jets and ran for 313 yards on 70 carries (4.5 YPC) to go along with 47 receptions for 388 yards receiving and three total touchdowns. Pro Football Focus has him rated as the No. 30 running back out of 69 qualifying players.