It’s been rumored for weeks that Terrell Owens was on the verge of coming out of his quasi-retirement to play for the Allen Wranglers of the Indoor Football League. Now, according to ESPN’s Adam Schefter, it’s official.

Terrell Owens is officially an Allen Wrangler.

—
Adam Schefter (@AdamSchefter) February 06, 2012

The Wranglers extended a six-figure contract offer to Owens approximately two months ago. T.O.’s agent Drew Rosenhaus and Wranglers owner Jon Frankel have been in negotiations since late November to hammer out the details.

Owens, who turned 38 in December, did not play in the NFL last season. He had 72 catches for 983 yards in 2010 for the Cincinnati Bengals, then underwent surgery for a torn ACL in April 2011. He was medically cleared to play in 2011 but remained unsigned.

Terrell  Owens will play for the Allen Wranglers of the Indoor Football League, according to the Business Insider.

“Allen, Texas, I’ll see you in the end zone.” Tweeted Owens

The former Pro Bowler’s contract with the Allen Wranglers is estimated to be between $250,000 to $500,000.  Owens signed with the IFL team after spending an entire season attempting to attract the interest of an NFL squad. Last October, Owens hosted his own workout in Calabasas, California to which no NFL teams attended.

The 37-year-old had 72 receptions for 983 yards and nine touchdowns last season with the Cincinnati Bengals.  His season with the Allen Wranglers is scheduled to begin in February.

It’s looking quite possible that Terrell Owens could return to Dallas next season — but not to play for his old team, the Dallas Cowboys. This time around, T.O. could be suiting up for the Allen Wranglers of the Indoor Football League.

Yes, seriously. The Wranglers extended a formal, six-figure contract offer to Owens a month ago, according to Brandon George of the Dallas Morning News, and their owner Jon Frankel is now in serious discussion with the receiver and his agent, Drew Rosenhaus. The Wranglers’ website has announced that the offer to Owens includes a compensation package of $250,000 up to $500,000.

Frankel told the Dallas paper he talked to a member of Rosenhaus’ agency today and was told Owens is “significantly closer” to signing with the Wranglers than he was a month ago.

Owens, who turned 38 earlier this month, has not played in the NFL this season. He had 72 catches for 983 yards last year for the Cincinnati Bengals, then underwent surgery for a torn ACL in April 2011. He was cleared to play this season but remained unsigned.