PISCATAWAY, N.J. - A source confirmed on Sunday that Greg Schiano and Rutgers University have agreed to an eight-year deal, worth $32 million.

According to WatchStadium, Yahoo Sports!, Associated Press and ESPN, the move comes a week after both sides walked away from negotiations and declared the possibility of a reunion dead.

In a statement from Rutgers Athletics Director Pat Hobbs said the following:

"The next great chapter for Rutgers football is about to begin. There are many people to thank for where we are today, particularly Coach Schiano and his team, as well as everyone here at Rutgers. They all played important roles in bringing these complex negotiations to a close. It wouldn't be appropriate to prejudge any action that the Board of Governors may take, but I believe today that Rutgers Football is on the path to greatness."

Rutgers' board of governors has a special meeting scheduled for 10 a.m. Tuesday, where it is expected to approve Schiano's contract.

The New Jersey native coached Rutgers from 2001 through the 2011 season, leading the Scarlet Knights to postseason bowl berths in six of his final seven seasons. His 68 wins as head coach rank third in program history. Success under Schiano helped Rutgers land an invite to the Big Ten, and it joined the lucrative Power 5 conference in 2014.

Schiano left Rutgers in 2012 to become head coach for the NFL's Tampa Bay Buccaneers, but his tenure lasted only two years.

He resurfaced at Ohio State as defensive coordinator under Urban Meyer in 2016. He had reached an agreement to become Tennessee's coach in 2017, but an uproar from fans on social media led the school to rescind its offer.

Schiano left Ohio State after last season when the Buckeyes struggled on his side of the ball.

He then briefly took a job as an assistant with the New England Patriots earlier this year. But he stepped down soon after, deciding instead to take the season off.

Rutgers finished off a 2-10 season (0-9 in the Big Ten) after Saturday's loss at No. 10 Penn State. Nunzio Campanile has been the interim head coach since Chris Ash was fired five games into his fourth season. Ash went 8-32 in three-plus seasons, including 3-26 in the Big Ten.

AD Pat Hobbs has declined to comment on the search to replace Ash since he was fired in late September.