Graham said the deal would send Peters to Philadelphia for a first- and fourth-round pick in the upcoming 2009 NFL draft and also a conditional pick in the 2010 draft. The first-round pick would be the 28th overall selection.
The Bills already have the 11th overall selection.
According to ESPN, the Eagles would like to have a contract in place before the trade is completed. Peters has been asking to be the highest-paid tackle in the league for over a year now. He is set to make only $3.375 million next season.
ProFootballTalk.com has already confirmed the trade.