Brandon Flowers, who had been linked to the Falcons, signed a contract with the San Diego Chargers on Tuesday.
Flowers had been released by the Kansas City Chiefs earlier this month in a move that was believed to be financially-motivated.
Many believed the Falcons were interested since Scott Pioli is now in Atlanta's front office. Pioli was the Chiefs' general manager for four seasons.
While the Falcons have Desmond Trufant and Robert Alford penciled in as the starting cornerbacks, Flowers might have filled the nickel role for the defense. Robert McClain is slated to be the starter at the position.
Flowers, who stands 5-9 and weighs 187 pounds, has 17 interceptions in his career.
The Falcons are believed to still have upwards of $9 million under the salary cap.
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