EAST RUTHERFORD, N.J. -- The New York Giants have agreed to terms with running back David Wilson.

A source confirmed the Giants' first-round pick out of Virginia Tech agreed to his rookie deal, which was first reported by ProFootballTalk.com.

The Giants have now reportedly agreed to terms with five of their seven draft picks, including cornerback Jayron Hosley, tight end Adrien Robinson and offensive linemen Brandon Mosley and Matt McCants.

Wilson was drafted with the final pick in the first round by the Giants, who need somebody to replace Brandon Jacobs. Jacobs was released during the offseason and signed with the 49ers.

Wilson will compete with D.J. Ware, Da'Rel Scott and Andre Brown to back up Ahmad Bradshaw. The Giants will get their first extended look at Wilson during this weekend's rookie camp.

"We're looking at the fact that Brandon is no longer here and we do have to try to balance that out," head coach Tom Coughlin said shortly after the team drafted Wilson in April. "We believe that you do have to have multiple runners or at least two that can effectively take the field at any time, and this young man we thought was one of those that can be a big-play threat."