Patrick Peterson sprained his ankle in Sunday's Week 5 loss at Denver.
Cardinals signed CB Patrick Peterson to a five-year, $70 million extension through 2020.
Yahoo's Rand Getlin reports the Cardinals are "close" to an extension with Patrick Peterson.
Cardinals CB Patrick Peterson will not play on special teams or offense this season.
ESPN reports the Cardinals and CB Patrick Peterson are discussing a long-term contract extension that could be worth more than $60 million.
Arizona coach Bruce Arians confirmed the team is unlikely to use CB Patrick Peterson as a wide receiver or kick returner after adding WR Ted Ginn Jr. in free agency and drafting WR John Brown in the third round.
The Cardinals are not believed to be in serious extension negotiations with Patrick Peterson yet.
Cardinals exercised CB Patrick Peterson's fifth-year club option for 2015.
DC Todd Bowles said Patrick Peterson will still be asked to shadow receivers at times.
The Arizona Republic reports the Cardinals plan to exercise Patrick Peterson's fifth-year option for 2015 this offseason, and to begin extension talks.
Appearing on Tuesday's Pro Football Talk on NBC Sports Network, Patrick Peterson passed up an opportunity to say he wasn't considering a holdout.
AZCardinals.com's Darren Urban doesn't expect CB Patrick Peterson to receive a contract extension this offseason.
Patrick Peterson fired his agent, Patrick Lawlor, on Monday night.
Cardinals GM Steve Keim compares RCB Patrick Peterson to Bo Jackson and Deion Sanders.