There were some rumors swirling about this earlier today and now it's official.
Presumably Reed will resume his duties as KR since Correll Buckhalter looked less than impressive in that role, but it's likely that the real motivation behind this move was to add some depth at safety. With both Dawkins and Considine having been banged up the past 2 games and the Eagles only having one backup safety(Quintin Mikell), Reed would seem to be a perfect fit to add both depth to the safety position and maybe a fresh spark to the kick return game. Just no punts!
OT Pat McCoy was cut to make room.