Originally a fourth-round draft pick out of Illinois by then-49ers general manager Terry Donahue, Lloyd appeared in 45 games for the team from 2003-2005. His most successful season in a 49ers uniform was in 2005 where he had 733 receiving yards and five touchdowns.
Lloyd spent time with the Chicago Bears and Washington Redskins before having his best career season with the Denver Broncos. In 2010, he was the NFL's leading receiver with 1,448 yards and 11 touchdowns.
Most recently, he was on the New England Patriots in 2012 where he came off a season with 911 receiving yards and four touchdowns. He did not find a job last season as he was released by the Patriots in March of 2013.
Lloyd, 32, is a low-risk signing for the 49ers who still has gas in the tank. If doesn't impress in training camp for the month of August, he could easily be cut. Having 10 seasons in the NFL, he will have the second-most amount of experience out of the 49ers WRs behind Anquan Boldin (11 years) and in front of Michael Crabtree (five years).
The last time the 49ers signed a WR who did not play the year, it was Randy Moss who played in 2012 but was retired during the 2011 NFL season.