Freeman has been a free agent since being released by the Atlanta Falcons after the 2019 season - his sixth in the NFL - when he rushed for a disappointing 656 yards on 184 attempts and averaged only 3.6 yards per carry.
A 1,000-yard rusher in 2015 and 2016, Freeman became the highest-paid running back in the NFL when he signed a five-year, $41.25million extension in 2017.
However, having failed to reproduce the type of numbers he put up before signing that deal, there has been little concrete interest in the 28-year-old running back so far this offseason.
The Bucs had the 24th-ranked rushing attack in 2019 and are in the market for a veteran in the backfield to complement new quarterback Tom Brady, who frequently utilised versatile backs like Freeman with the New England Patriots.
And while confirming his interest in Freeman, head coach Arians suggested the back's salary demands are too rich for Tampa Bay.
"If his price tag was reasonable," Arians told reporters when asked if Freeman was on his radar.
"He's not probably signed because he's turning down a lot of money. We don't have a lot of money."
The Bucs are up against the cap and have little wiggle room heading into the 2020 season.
However, Freeman has noted Arians' comments and posted a message on Twitter that suggested he would be open to discussing terms.
"I read in the media that [the] Tampa Bay Buccaneers are interested," Freeman wrote.
"A number of teams are interested, but we can't negotiate through the media, the Buccaneers can reach out to me directly."
The Giants and running back Freeman have reportedly agreed to a one-year deal worth up to $3million following star Saquon Barkley's season-ending anterior cruciate ligament (ACL) injury.
Freeman – a two-time Pro-Bowl RB – has been a free agent since leaving the Atlanta Falcons in the offseason.
"Devonta turned down more money from other teams because he likes the opportunity with the Giants best," Rosenhaus told ESPN.
Freeman, who reportedly had offers from the Seattle Seahawks and Philadelphia Eagles, was selected by the Falcons in the fourth round of the 2014 NFL Draft.
The 28-year-old spent the first six years of his career in Atlanta, where he had two 1,000-yard rushing seasons in 2015 and 2016.
However, Freeman left the Falcons following 656 rushing yards and two touchdowns on 184 carries last season as Atlanta turned to Todd Gurley.
The Giants are 0-2 following a winless start to the season as they prepare to face the San Francisco 49ers on Sunday.
The decision to keep the 26-year-old is hardly a surprise after he led the NFL in rushing in 2019, finishing the regular season with 1,450 yards and 16 touchdowns as Tennessee made the playoffs.
Henry also played a pivotal role in their run to the AFC Championship Game, going for 182 and 195 yards respectively in upset road wins over the New England Patriots and the Baltimore Ravens.
The Kansas City Chiefs ended their Super Bowl hopes, but the Titans have opted to retain the core of their offense.
They announced on Sunday that quarterback Ryan Tannehill has signed a four-year contract extension, a move that not only seemingly ends speculation linking them with Tom Brady but also cleared the way for them to use the tag on Henry.
While Henry is staying put, fellow running back Devonta Freeman is now a free agent after being released by the Atlanta Falcons.
Freeman recorded 1,000-yard seasons in 2015 and 2016 but has struggled since signing a five-year, $41.25million contract in 2017.
He played just two games in 2018 due to injury, while his final campaign with the Falcons saw him finish with a career-low average of 3.6 yards per carry as part of a rushing attack that struggled.
As well as Freeman, Atlanta are also cutting cornerback Desmond Trufant. The moves will save them just under $8.5m in cap space ahead of the 2020 season, which officially starts on Wednesday.
