The Patriots also placed practice squad TE Jake Burt on the injured list.
Moncrief, 27, is a former third-round pick of the Colts back in 2014. He played out the final year of his four-year, $2.745 million contract before agreeing to a one-year, $9.6 million fully-guaranteed with the Jaguars in 2018.
Moncrief signed a two-year deal with the Steelers last March, but was waived during the season to protect the team’s projected compensatory pick for losing Le’Veon Bell in free agency. The Panthers later claimed him off of waivers before waiving him in December of last year.
From there, Moncrief signed on with the Jets, but lasted just a few weeks in New York. The Patriots added him to their practice squad soon after.
In 2019, Moncrief appeared in eight games for the Steelers and Panthers and caught four receptions for 18 yards (4.5 YPC) and no touchdowns.