He was sacked after going 9-7 in 2008 with the Buccaneers, his seventh season with the team.
In 2002, Gruden was traded to Tampa Bay, where he coached the Buccaneers to a Super Bowl victory over the Raiders the following season.
According to ESPN's Adam Schefter, the Raiders are giving Gruden a 10-year contract which is expected to be worth roughly $100 million for Gruden to return to the sidelines.
This season Oakland missed the playoffs with a final record of 6-10, after ending a 14-year postseason drought a season ago finishing 12-4. Carr just signed what was at that time the largest contract in National Football League history this past offseason.
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The Raiders will be required to comply with the "Rooney Rule" and interview at least one minority candidate or otherwise face discipline from the NFL.
ESPN reported last week that Raiders owner Mark Davis was willing to strongly pursue Gruden, including a possible offer of an ownership stake in the team.
Gruden spent four seasons as coach in Oakland from 1998-2001.
"We believe the Rooney Rule was complied with". "We'll see what decision they make".
The former and future coach of the Raiders will receive a 10-year deal that will pay him about $10 million per year.