Jay Glazer of Fox Sports is reporting that the Philadelphia Eagles have traded their first round pick (No. 28) to Buffalo for left tackle Jason Peters.
The Bills also reportedly will receive a second-day pick in this year's draft and a late-round pick in the 2010 draft.
Peters had held out last season and reported just before Buffalo's regular-season began. He remained unhappy with his contract.
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Peters earned Pro Bowl selections the last two seasons, and was an All-Pro selection in 2007.
Philadelphia now only has one pick in the first round at No. 21. The Eagles were looking for an offensive tackle after starter Tra Thomas left in free agency.
The Bills now have the No. 11 and No. 28 picks in the first round. The only other team in the first round with two picks is Denver, with picks at No 12 and No. 18.
The Bills now could be a potential trade partner with Seattle if they are looking to move up to select either offensive tackle Eugene Monroe or Jason Smith should either slide to No. 4.