A fourth-round pick, Vereen started 36 of 47 games over four seasons at Minnesota, producing 200 tackles, four interceptions and 22 pass breakups. Vereen earned first team All-Big Ten honors as a senior after starting 11 games at free safety and two at cornerback; he contributed 59 tackles, an interception and six pass breakups.
Vereen started 18 games at cornerback, seven at strong safety and 11 at free safety during his career at Minnesota.
The Bears selected Fales in the sixth round out of San Jose State, where he started 25 games for the Spartans over the last two seasons. Fales completed 68.1 percent of his passes for 66 touchdowns and 22 interceptions.
Fales is one of two quarterbacks in FBS (with Fresno State's Derek Carr) to pass for more than 4,000 yards in each of the past two seasons.
Fales and Vereen became the first members of Chicago's 2014 draft class to agree to deals. The Bears are the first team in the NFL thus far to announce deals for draft picks, but the club still needs to sign six more players from the class.