Less than a month after leading the Baltimore Ravens to a victory in Super Bowl XLVII, quarterback Joe Flacco and the Ravens have agreed to terms on a long-term contract, according to multiple reports.

The deal was first reported by Jay Glazer of FOX Sports.

Flacco's expected to sign the deal Monday.

ESPN's Adam Schefter reports the contract is worth in excess of $120 million over six seasons, which would make Flacco the highest-paid player in NFL history.

Flacco had reportedly been seeking a long-term deal worth an average of $20 million per season.

Flacco threw 11 touchdowns without an interception during this past postseason in leading the Ravens to a Super Bowl title.

He was named the MVP of Super Bowl XLVII after throwing for 287 yards and three touchdowns during Baltimore's 34-31 victory over the San Francisco 49ers.

But Flacco's rookie contract expired after the season and he would've become an unrestricted free agent if the Ravens hadn't designated him with the franchise tag or signed him to a long-term deal prior to March 12.

Flacco earned $6.76 million last year during the final season of the rookie contract he signed in 2008.

Flacco was Baltimore's first round selection (18th overall) in the 2008 NFL draft. He was named the Ravens' starting quarterback prior to the start of his rookie season and has started every game for Baltimore - both regular season and postseason - since that point.

Since Flacco took over as their starting quarterback, the Ravens are 54-26 during the regular season, they've won two AFC North titles, have appeared in three AFC championship games and won Super Bowl XLVII.

Flacco is the only quarterback in NFL history to start and win a playoff game in each of his first five NFL seasons.

Flacco has guided Baltimore to nine playoff victories, six of which have come on the road. The six road playoff wins is the most for a quarterback in NFL history.

Flacco's been erratic at times during the regular season, but he's finished with no less than 3,610 yards or 20 touchdown passes during any of the past four regular seasons.

He threw for 3,817 yards with 22 touchdowns and just 10 interceptions this past season. He added 1,140 yards and 11 scoring passes without an interception in the playoffs.

He finished with a passer rating of 106.3 or better in each of the four playoff games, becoming the first quarterback in league history to have a passer rating of 100 or better in all four games of a single postseason.