The Kansas City Chiefs placed the non-exclusive franchise tag on cornerback L'Jarius Sneed, the team announced Monday.

Kansas City is reportedly open to trading the Louisiana Tech product if the two sides can't agree on a long-term contract extension.

Meanwhile, the Chiefs are still working to sign star defensive tackle Chris Jones, who was franchise-tagged last year, to a long-term extension, Dianna Russini of The Athletic reports.

Sneed and Jones are among the Chiefs' most important free agents this offseason. Teams can begin negotiating with free agents March 11.

"We usually work through things systematically and have a list of the priorities," Veach said before the Super Bowl, per Mark Puleo of The Athletic. "Certainly, Chris and (Sneed) are at the top of the list."

Sneed has been with the Chiefs since the club selected him in the fourth round of the 2020 NFL Draft. He's been a crucial part of Kansas City's back-to-back Super Bowl victories, emerging as one of the league's better cornerbacks.

The 27-year-old has 303 tackles and 40 passes defended in 57 career regular-season games.