The trade will not become official until March 3, the first day of the NFL calender when, among other things, free agency is set to begin.
The Dolphins also have given permission to Jay Fiedler's agent to seek a trade for his client.
Fiedler is set to make $3.8 million in 2004, and he will never see that money in Miami. Fiedler also has said he wants a chance to start, something that's not going to happen in Miami after Feeley arrives.
At this point, the Dolphins gladly would take a draft pick in return for Fiedler, and one of the teams believed to be interested in Fiedler's services is Oakland, now coached by former Dolphins offensive coordinator Norv Turner.
As for Feeley, he was the Eagles' No. 3 quarterback the last two seasons behind starter Donovan McNabb and backup Koy Detmer.
Feeley didn't play at all in 2003, but he went 4-1 as a starter in 2002 after both McNabb and Detmer were injured.
A former fifth-round pick out of Oregon, Feeley lost his starting job in college to Joey Harrington after being injured.
Feeley was one of a few quarterbacks targeted by the Dolphins this offseason. The top target appeared to be former Jacksonville starter Mark Brunell, but he will be going to Washington. Another possibility was former Redskins No. 1 pick Patrick Ramsey, who will lose his starting job to Brunell and isn't real happy about it, but new Washington coach Joe Gibbs has been adamant about the fact Ramsey will not be traded.
The Dolphins also were interested in former Michigan star Drew Henson, who is property of the Houston Texans until April 23, at which time he will officially re-enter the draft.
But the Dolphins eventually turned to Feeley, who the Dolphins hope can have the same kind of success going from backup to starter with another team as guys like Brett Favre, Aaron Brooks, Jake Delhomme and Matt Hasselbeck.