Tim Tebow may be traded to New York Jets or Jacksonville Jaguars as early as Wednesday

If Tim Tebow is indeed on the trading block, the New York Jets and Jacksonville Jaguars reportedly are set to move quickly to make a deal for him.

Orlando television station WKMG, citing a source close to Tebow, reported late Tuesday night that the Denver Broncos are expected to trade the quarterback to one of those teams as early as midday Wednesday.

 Denver would receive a third-round draft pick in exchange, according to the report.

WKMG reported that new Jaguars owner Shahid Khan conducted trade negotiations with the Broncos and Tebow's representatives Tuesday night and that talks are expected to resume Wednesday.

The Florida Times-Union reported that the Jaguars have held internal discussions about acquiring Tebow but had not entered formal talks with the Broncos as of Tuesday afternoon.

The Jets' possible interest in Tebow was made known earlier in the evening. A team source told the New York Daily News that the Jets “are players in the Tim Tebow race”.

The New York Post reported that the Jets see Tebow as someone who can help repair divisions among players.

Earlier reports said the Jets, Jaguars, Green Bay Packers, Miami Dolphins and one unidentified team had expressed interest in trading for Tebow.

Tebow’s future has been in question since Monday, when Peyton Manning and the Broncos began work on a five-year deal—the former Colts quarterback officially signed Tuesday. ESPN reported that with Manning in the fold, the Broncos would trade the polarizing Tebow.

The Daily News' report again draws into question just how comfortable the Jets feel at quarterback.

The team expressed interest in visiting with Manning when he was making the rounds as a free agent. After pulling out of the Manning race, the Jets quickly gave incumbent QB Mark Sanchez a five-year, $58.5 million extension—a deal in which the guaranteed money is significantly front-loaded.

Moreover, New York has already signed Drew Stanton to presumably be Sanchez’s backup, and Greg McElroy is the third quarterback.

General manager Mike Tannenbaum said he “feels good about” the Jets’ quarterbacks in an earlier conference call with reporters.
“You never know if other opportunities present themselves,” Tannenbaum added, according to the Daily News.

 “We’ll always look at it. The standard line there. We feel good about Greg and Drew and Mark. … And we’ll see where we go from there.”

The Daily News pontificates that new offensive coordinator Tony Sparano, who successfully ran the Wildcat offense in Miami, could use a player like Tebow to draw up unique packages.

But while the Jets have reportedly had serious internal discussions about Tebow, at least one player thinks the Jets are best off staying put.