According to Jeff Zrebeic, Wolfe is signing a three-year, $12 million contract with the Ravens.
Wolfe, 31, is a former second-round pick of the Broncos back in 2012. He finished the final year of his four-year, $36.7 million contract that included $17.5 million guaranteed and made a base salary of $8 million for the 2019 season.
Wolfe then signed a one-year deal with the Ravens worth up to $6 million last year.
In 2020, Wolfe appeared in 14 games for the Ravens, recording 51 tackles and one sack.