The Philadelphia Eagles have worked out an agreement in principle to acquire Buffalo Bills left tackle Jason Peters, according to multiple sources. (Inquirer File photo)

An Eagles source has confirmed that the team has agreed to a deal that will send two draft picks to the Buffalo Bills for two-time Pro Bowl offensive tackle Jason Peters. The Bills will get the 28th overall pick of the first round and a fourth-round selection in this year's draft.

The source said that Peters has passed a physical, but the trade will not be completed until the Eagles negotiate a new contract with Eugene Parker, the agent for the 340-pound tackle. Peters was in a much-publicized contract dispute with the Bills last summer, holding out of training camp until just before the start of the season.

He has two years remaining on his existing deal and is scheduled to be paid $3.8 in 2009 and $3.4 million in 2010.