It seems as he might be Plan B now.
It appears the Dolphins' top prospect to sign on Tuesday is left tackle Branden Albert, not Monroe. And if a deal gets done, as it's being reported at this time, then that could open things back up for the Ravens.
Miami was expected to be a strong contender for Monroe. It's unclear about the others at this time. If Miami winds up with Albert, considering what the contract is, it could affect Monroe's value. If it forces Monroe and his representation to drop their asking price, perhaps the Ravens get back in the conversation.
By no means, does this imply the Ravens are in the mix.
It just means there's still a chance.