I'm not sure why the Saints picked up Whelan. Their punter did really well last season and he is only entering his second year. There are about a half dozen teams with problems at the punting position even after 3 punters were drafted. I'm going to predict that the Saints cut him and he winds up with another team.
I think teams sometimes sign players just to have some competition in camp. Obviously they won't keep two punters. Whelan has at best three pre-season games to show teams what he can do.
"Daniel Whelan - Consider this an honorable mention, and this will be prefaced by saying it will be hard to see anyone taking a job from Blake Gillikin. However, Whelan has been really impressing with his punting. Some team will need a punter, and Whelan could end up being a solution." https://www.si.com/nfl/saints/training-camp/saints-udfas-great-roster-opportunity
Also noticed in Saints camp, former Weber stud Rashid Shaheed is getting a shot in the arm: Rashid Shaheed - Getting on the field will be a big step for Shaheed, as he's been out of action due to his recovery from a ACL injury. He has a ton of Deonte Harty vibes to him, and will be someone to watch during camp. Harty is wanting a new contract, which is a situation to watch. It's entirely too premature to talk about his replacement right now, but Shaheed checks a lot of boxes.