Darren Waller's return to the NFL with the Miami Dolphins in 2025 presents a compelling narrative. Activated off the PUP list, Waller is positioned to be the primary pass-catching tight end following the trade of Jonnu Smith to the Pittsburgh Steelers. This move opens up a significant opportunity for Waller, who is expected to replace Smith's 2024 production of 88 receptions, 884 yards, and 8 touchdowns.

Waller's history with Dolphins' offensive coordinator Frank Smith, who coached him during his peak years with the Raiders, suggests a strategic fit. The Dolphins' offense, led by Tua Tagovailoa, is designed to exploit mismatches, potentially benefiting Waller's athleticism. With injuries to key players like Tyreek Hill, Waller's role could expand, making him a valuable fantasy asset.

Projected to receive 70–90 targets, Waller could achieve 50–65 receptions, 600–800 yards, and 4–7 touchdowns in 2025. This positions him as a mid-range TE1, particularly valuable in PPR formats. However, his durability remains a concern, and his target share may fluctuate due to the presence of Hill and Jaylen Waddle.

In summary, Darren Waller's 2025 outlook with the Dolphins is promising, with potential for significant fantasy impact if he maintains health. His role as the primary receiving tight end, combined with his past success under Frank Smith, makes him a strategic asset in both real and fantasy football contexts.