Reed, speaking Thursday at the Miami Hurricanes' Hall of Fame induction ceremony, told the South Florida Sun-Sentinel he wants to play this season and, if health permits, beyond.
"There's a lot of talk out there. I'm not going to say I'm 50-50, because I'm not," Reed told the Sun-Sentinel. "I want to play football. But it's something me and my team have been discussing the last couple of weeks. My partners, they do a great job of making sure I know the pros and cons of what's going on with my body and with the organization and where we're at. I plan on doing it, but depending, it could change. ...
"If it was up to me, I'd be with a walking cane out there. I don't know, man. I think four to five years is a reality for me."
Reed and Ravens teammate Bryant McKinnie were inducted into the school's Hall of Fame on Thursday night.
Reed had 52 tackles and three interceptions last season and helped the Ravens reach the AFC championship game. Reed's 57 career interceptions are tied for 11th all-time and lead all active players.
"Baltimore is home for me unless they say otherwise," Reed told the Sun-Sentinel.