The details of the trade are not yet known.
Lloyd will now be reunited with Josh McDaniels, who was the head coach of the Broncos when Lloyd had his breakout season in 2010.
This puts new starter Tim Tebow in an interesting position as he will now roll with a talented but young group of wide receivers in his first start this weekend. Should be interesting.
We’ll update you on the trade details if and when we get them.
Update: La Canfora is reporting the trade has been agreed to but the two sides are hammering out the last details. It should be completed soon he reports.