The team's all-time leader in catches told The Baltimore Sun that he will make a decision on which team he plays for within the next 48 hours. Mason, 37, is weighing offers from the Ravens, Tennessee Titans and New York Jets.
The Ravens cut Mason last week to create $4.5 million in salary cap room. He visited the Jets on Thursday but left without signing.
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"I can go to places where they can win immediately," Mason said. "I have some options, and I'll make a decision based on what is good for my family and my career. I will make a decision quickly, because I want to be in somebody's camp soon. I'll make one within the next 48 hours."
The Ravens were considered the favorites to land Floyd, but the 6-foot-5 downfield threat surprisingly decided to stay with the Chargers.
A league source said Mason is a good possibility to return, and former New York Jets receiver Jerricho Cotchery has expressed interest in playing for the Ravens.
Mason remains the safest bet of all the wide receivers left in free agency. The others are: Steve Smith (a productive receiver for the New York Giants who is coming off knee surgery in December), Cotchery (who had back surgery in February), Randy Moss (who announced his retirement), Terrell Owens (who is coming off knee surgery), Bryant Johnson (former City star who had a career-low 18 catches last year in Detroit) and T.J. Houshmandzadeh (who caught a game-winning touchdown pass for the Ravens at Pittsburgh but was vocal in his displeasure about being the team's No. 3 wide receiver).
Ravens coach John Harbaugh, who has been texting back-and-forth with Mason recently, said "it's a possibility" that the Ravens would add a veteran wide receiver.
"We're not going to shy away from adding players," Harbaugh said. "I think we would be happy to bring in a very good player. I think we have room for one."
Moss' agent declined to comment on the seven-time Pro Bowl wide receiver.
Cotchery's agent Jack Scharf said "numerous teams" are interested in his client, but he wouldn't say whether the Ravens were one of them.
"We're trying to determine the best fit for him," Scharf said.
Cotchery reportedly failed his physical, which led to his release from the Jets.
"He's 100 percent healthy," Scharf said. "He's been cleared by the doctors that performed surgery for all football activity. Wherever Jerricho lands, he'll be on the field the next day."
The Ravens, though, don't seem like they would panic if they failed to get Mason or another free-agent wide receiver.
Harbaugh made it a point to say he's been pleased with the progress of rookies Torrey Smith (second round) and Tandon Doss (fourth round).
"The history is [receivers] can play right out of the gate," Harbaugh said. "We're not going to lower the bar for these guys. The bar is high, and they knew what they getting into when we drafted them. We did draft them because we thought they were guys that would get up to speed quickly. They're smart guys. They catch the ball well. They're good football players."