The Denver Broncos agreed to trade wide receiver Jerry Jeudy to the Cleveland Browns in exchange for two 2024 draft picks, multiple media outlets reported Saturday.

Denver will receive a fifth- and a sixth-round pick in next month’s draft for Jeudy, a former first-round selection.

Trades cannot be made official until the start of the 2024 league year next week.

Jeudy, the No. 15 overall pick in the 2020 draft, will play in 2024 on the fifth-year option of his rookie contract and is scheduled to be a free agent after the upcoming season.

In four seasons with the Broncos, Jeudy was a solid contributor but failed to live up to his lofty draft status or the dominance he displayed at Alabama.

Jeudy showed signs of frustration with Denver’s offence last season, during which he caught just two touchdowns.

Ultimately, Denver was either unwilling or unable to sign Jeudy to a long-term contract extension and cleared his $13million cap hit from their books.

The Broncos continue to shed salary after announcing plans to release quarterback Russell Wilson and safety Justin Simmons.

The Browns got a complementary receiver to play alongside Amari Cooper as they hope to continue building a championship offence around Deshaun Watson.

In 57 games across four seasons with the Broncos, Jeudy made 211 catches for 3,053 yards and 11 touchdowns.

Trade: Broncos and Browns agreed to a deal today that will send WR Jerry Jeudy to Cleveland in exchange for two draft picks, sources tell ESPN.

Cleveland made a run at Jeudy at last season’s trade deadline. Now the Browns finally will get him once trade is processed this week. pic.twitter.com/G0XlwDXlAr

— Adam Schefter (@AdamSchefter) March 9, 2024