Tebow flew into Philadelphia on Sunday night in time to be in attendance for the start of the Eagles' offseason program Monday.
Philadelphia has finalized an agreement with the 27-year-old Tebow, the framework of which was put into place when he worked out for the team last month. Tebow will be paid the minimum salary.
Before signing Tebow, the Eagles first wanted to try to trade backup quarterback Matt Barkley. But when the team could not get enough in return, it decided to bring in Tebow anyway so that he could be present for the team's entire offseason program.
Tebow now will join a crowded Eagles quarterback roster that includes Sam Bradford, Mark Sanchez and Barkley, giving Philadelphia three former first-round picks at quarterback in addition to another decorated college player. And it also will reunite Tebow and Sanchez, who were teammates with the New York Jets.
Football's most interesting team this offseason, the Eagles, just got even more interesting -- if that were possible. Tebow will try to jump-start an NFL career that has been on hold since he played his last NFL game in 2012. Since then, Tebow continued to train for two full seasons with noted throwing coach Tom House, who also has worked with New England Patriots quarterback Tom Brady.
Tebow, who has been working for ESPN and as an analyst for the SEC Network, last played in an NFL regular-season game when he was with the Jets after playing two seasons with the Denver Broncos.
He went to training camp with the Patriots before being released in August 2013. He struggled to find consistency with the Patriots, completing 11 of 30 passes for 145 yards and two touchdowns and two interceptions in three preseason games.
"I will remain in relentless pursuit of continuing my lifelong dream of being an NFL quarterback," Tebow wrote on Twitter after New England released him.
Now the pursuit continues in Philadelphia.
How can Tebow help the Eagles?
ESPN NFL Front Office Insider Louis Riddick discusses how the Philadelphia Eagles plan to use Tim Tebow.