Report: Bears exploring potential trade offers for Foles

The Chicago Bears have explored trade offers for quarterback Nick Foles, NFL Network's Mike Garafolo reports.

Foles is entering the final year of his contract and carries a $10.6-million cap hit next season. Chicago paid Foles a $4-million roster bonus in March, and the signal-caller has $1 million of his 2022 base salary guaranteed, Garafolo adds.

The Bears are expected to move on from Foles after reportedly signing Trevor Siemian on Friday to a two-year contract. The veteran will likely back up second-year passer Justin Fields next campaign.

Chicago acquired Foles from the Jacksonville Jaguars for a 2020 fourth-round pick. The 33-year-old signal-caller has passed for 2,102 yards, 11 touchdowns, and eight interceptions over two seasons with the Bears.

The Philadelphia Eagles selected Foles in the third round of the 2012 NFL Draft. The Arizona product spent five seasons with the NFC East club, leading the franchise to its first Lombardi Trophy in 2017 and being named Super Bowl MVP in the contest.