FOXBORO -- The Patriots announced Wednesday they have signed tight end Michael Hoomanawanui and placed tight end Visanthe Shiancoe on injured reserve with a designation to return. In addition, the team signed wide receiver Kerry Taylor and offensive lineman Jeremiah Warren to the practice squad and released fullback Eric Ketttani and wide receiver Sam Kirkland from the practice squad.

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FOXBORO -- The Patriots released their first injury report of the season on Wednesday, and offensive linemen Nick McDonald and running back Shane Vereen were listed as DNPs for Wednesday's practice. Meanwhile, tight end Daniel Fells, cornerback Sterling Moore (knee) and right tackle Sebastian Vollmer (back) were all limited, while safety Pat Chung (shoulder) was listed as having full participation in the midweek workout. The Patriots open the regular season Sunday in Tennessee against the Titans.

The Patriots are the second-most valuable NFL team, according to Forbes Magazine. The magazine says New England's franchise is valued at $1.64 billion, trailing only the Cowboys, who were valued at $2.1 billion. The Redkins ($1.6 billion), Giants ($1.47 billion) and Texans ($1.31 billion) round out the top five. 

FOXBORO -- Tight end Kellen Winslow will not be joining the Patriots anytime soon after failing his physical, according to a report by CSN New England. 

FOXBORO -- Tom Brady has long ago given up trying to play the role of general manager for a football team. He admitted as much on Wednesday when he said he's become desensitized to releases like the ones that saw Deion Branch, Brian Hoyer and Dan Koppen cut as part of the Patriots final 53-man roster cutdown last Friday. 

FOXBORO -- Shane Vereen and Visanthe Shiancoe were again the only two players to miss Patriots practice on Wednesday as the team worked in full pads on the wet grass training fields outside Gillette Stadium. 

In a bit of encouraging news safety Patrick Chung was back at practice but in full uniform after attending the previous three practices in a "no contact" red jersey. Chung injured his shoulder in the third preseason game against the Eagles at Gillette on Aug. 20. 

 

The Patriots have signed free agent tight end Michael Hoomanawanui, according to his agent Rick Smith. The 6-foot-4, 263-pounder out of Illinois has played two seasons in the league, both with the Rams, and has 20 catches for 229 yards and three touchdowns in 16 games. The 24-year-old, who was selected in the fifth round of the 2010 draft, is the fifth tight end currently on the New England roster, joining Rob Gronkowski, Aaron Hernandez, Daniel Fells and Visanthe Shiancoe. 

According to The Boston Globe, the Patriots signed former Dolphins running back Lex Hilliard and cut former Boston College offensive lineman Matt Tennant. 

Hilliard, a sixth-round pick of the Dolphins, has 39 carries in his career, all for Miami. He has rushed for a total of 130 yards with two touchdowns. Hilliard signed with the Vikings in March but was released. 

Tennant's stint with the Pats was short, as he was claimed off waivers from the Saints on Saturday. The center was drafted by New Orleans in the fifth round of the 2010 draft. 

Making his weekly appearance on The Big Show, Bill Belichick discussed the upcoming season and the Patriots' roster as the Pats prepare for their season-opener Sunday in Tennessee. 

With the first game just five days away, there has yet to be a resolution to Brian Waters' situation. The two-time All-Pro guard is under contract for the season but has yet to report to the team and is therefore on the reserve/did not report list. Asked whether it's possible that Waters could play for the Pats this season, Belichick didn't say much but left the door open. 

File this one under the category of due diligence: The Patriots will kick the tires on recently released tight end Kellen Winslow, according to Pro Football Talk. Winslow, who was released Saturday by the Seahawks, has been in the league for eight seasons -- five with the Browns and three with the Buccaneers. His best season came in 2007 with the Browns, when he had 82 catches for 1,106 yards and five touchdowns.

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