Report: Broncos trading Jeudy to Browns

The Denver Broncos are trading wide receiver Jerry Jeudy to the Cleveland Browns in exchange for a 2024 fifth- and sixth-round pick, according to Tom Pelissero and Ian Rapoport of NFL Network.

The deal cannot be processed until the new league year opens Wednesday. The Broncos have held trade talks with teams regarding Jeudy for over a year, Rapoport reports. The New England Patriots and New York Jets were among the numerous teams interested, a source told Jeremy Fowler of ESPN.

Denver will save $12.9 million in cap space by moving Jeudy. The club exercised his fifth-year option last offseason.

The Broncos made Jeudy the second receiver off the board in the 2020 draft, taking him at No. 15. However, he has failed to live up to expectations since entering the league. The 24-year-old has yet to eclipse 1,000 receiving yards in a single campaign, with his career high coming in at 972 yards in 2022.

Cleveland has now taken a swing on a higher-profile wideout via trade in multiple recent offseasons. The Browns acquired Amari Cooper from the Dallas Cowboys for a fifth-rounder and a sixth-round pick swap in March of 2022.

Browns quarterback Deshaun Watson reacted to the trade on social media.

Jeudy has 211 receptions for 3,053 yards and 11 touchdowns in 57 career games.