Cam Newton is set to be back with the Carolina Panthers.

The team announced Thursday they agreed to a deal with the 2015 NFL MVP to bring him back to the organization after he spent the 2020 season with the New England Patriots, pending a physical. Newton was reportedly meeting with the front office earlier in the day before the deal was announced.

CLICK HERE FOR MORE SPORTS COVERAGE ON FOXNEWS.COM

New England Patriots quarterback Cam Newton in a game against the New York Giants in East Rutherford, New Jersey, on Aug. 29, 2021.

New England Patriots quarterback Cam Newton in a game against the New York Giants in East Rutherford, New Jersey, on Aug. 29, 2021. (AP Photo/Noah K. Murray, File)

The team announced they agreed to terms with the star quarterback. According to the NFL Network, the sides agreed to a 1-year deal worth up to $10 million. He is reportedly guaranteed $4.5 million with a $1.5 million roster bonus.

Newton was released by the Panthers after the 2019 season. He spent a majority of the season injured and only played two games. Carolina fired then-head coach Ron Rivera and named Matt Rhule the new head coach but the team decided to part ways with the three-time Pro Bowler.

Newton said in June 2020 he never wanted to leave Carolina.

TOM BRADY RECEIVES THE HOLIEST OF PRAISE FROM EX-NFL STAR LESEAN MCCOY

"I’m angry … I feel let down but at the same time, hey, I’m not bitter," he said in a video posted to YouTube. "I know since the day that I first came into this league that this day was going to come.

"I'll say this right now: I never once wanted to leave Carolina. Don't let them make you believe anything else. It was their decision, I stuck with it, and I knew that, so I asked for a trade. Everything else? That's BS."

Carolina Panthers quarterback Cam Newton laughs in a game against the Houston Texans in Charlotte, North Carolina, on Aug. 9, 2017.

Carolina Panthers quarterback Cam Newton laughs in a game against the Houston Texans in Charlotte, North Carolina, on Aug. 9, 2017. (AP Photo/Jason E. Miczek, File)

Newton first revealed his desire to stay with the Panthers in November 2019, months after he was declared out for the season.

"Charlotte is home. Charlotte is a place I know people know me. They're not just assuming. They know how I am. They know my energy. They know what I like and what I don't like. For me to have that type of presence, it just reminds me that ... it's right," he said at the time, according to ESPN.

"We're looking forward to countless more years in Charlotte to impact the community in ways outside of the game of football."

Newton, the No. 1 overall pick in the 2011 NFL Draft, led the Panthers to three straight NFC South titles from 2013-15, and a Super Bowl appearance during the 2015 season when he was awarded the league MVP. He also earned three Pro Bowls in nine seasons.

Panthers quarterback Cam Newton warms up before a preseason game against the New England Patriots in Foxborough, Massachusetts, on Aug. 22, 2019.

Panthers quarterback Cam Newton warms up before a preseason game against the New England Patriots in Foxborough, Massachusetts, on Aug. 22, 2019. (AP Photo/Charles Krupa, File)

The Patriots signed him as the temporary replacement for Tom Brady. He lost the starting job to Mac Jones before the 2021 season began and had been a free agent through the start of the season.

In 2020, he had 2,657 passing yards and eight touchdown passes in 15 games.

CLICK HERE TO GET THE FOX NEWS APP

Carolina started Sam Darnold and was 3-0 to begin 2021. But the team has lost five out of their last six games and are trying to stay afloat in the NFC South. Darnold was hurt in the most recent loss and is set to be out four to six weeks.

It's unclear whether he'll play Sunday against the Arizona Cardinals.