John McCain, who covered the NFL for the Houston Chronicle, thinks that Reed will be spending the night in Houston and that the two sides will reach an agreement on Friday.
It was reported that Reed may have next visited with the San Francisco 49ers, who were rumored to be very interested in him.
ESPN's Adam Schefter had the following to add on Twitter.
Ravens S Ed Reed spoke today like a man saying goodbye to Baltimore. Every sign now points to him getting done a deal in Houston on Friday.— Adam Schefter (@AdamSchefter) March 14, 2013
The 34 year old Reed was drafted in the first round of the 2002 NFL Draft. He has been selected to nine Pro Bowls, was the 2004 NFL Defensive Player of the Year Award winner, and holds the all-time NFL record for interception return yards, currently at 1,506.
Listed at 5-11 and 205 lbs, Reed had 58 tackles, 4 interceptions and a touchdown last season.