A source confirmed Mundy was on his way to New Jersey to meet with the Giants, which was reported earlier by the New York Daily News. The Giants could lose Kenny Phillips in free agency and they may need a third safety to team up with Antrel Rolle and Stevie Brown, who was given a second-round RFA tender.
Mundy, 28, had a career-high 39 tackles in 16 games last season, starting three of those games. In his four seasons with the Steelers, he has 130 career tackles and one interception in five career starts.
The Giants had Minnesota free-agent linebacker Jasper Brinkley in for a visit on Wednesday. According to USA Today, Brinkley is going to visit with the Cardinals next.
The Giants are looking to strengthen a defense that finished 31st in total defense last season. Mundy fits the profile of what the Giants typically look for in free agency -- a young, potentially cheap free agent who could flourish with a bigger opportunity.
Phillips may leave in free agency for more money than the Giants are willing to offer the veteran. The Giants also have Will Hill and Tyler Sash at safety as well.