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Source: New England Patriots acquire WR DeVante Parker in trade with Miami Dolphins

The New England Patriots are acquiring wide receiver DeVante Parker and a 2022 fifth-round pick from the Miami Dolphins in exchange for a 2023 third-round pick, a source told ESPN's Adam Schefter.

The Dolphins now have two first-round picks, a second-round pick and two third-round picks in the 2023 draft.

The Patriots expecting a compensatory third-round pick next season after losing J.C. Jackson in free agency.

Parker has two years remaining on his contract -- $5.6 million in 2022 and $5.7 million in 2023.

He had 40 catches for 515 yards and two touchdowns in 10 games last season.