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The Denver Broncos have reportedly added a major weapon to their offense.
The Broncos acquired star receiver Jaylen Waddle and a fourth-round pick from the Miami Dolphins in exchange for the Broncos’ first-round pick (No. 30 overall), a third-round pick and a fourth-round pick, according to multiple reports.
Teams reportedly talked about moving Waddle at the trade deadline last season, but a deal never came to fruition.
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Jaylen Waddle (17) of the Miami Dolphins smiles before an NFL football game against the Tampa Bay Buccaneers at Hard Rock Stadium in Miami Gardens, Florida on December 28, 2025. (Kevin Sabitus/Getty Images)
The Broncos, who had yet to add an external free agent this offseason, were criticized by fans for their lack of free agency activity after reaching the AFC Championship Game last season.
Waddle was drafted by the Dolphins with the sixth overall pick in the 2021 NFL Draft out of Alabama and was a playmaker throughout his career in Miami. Last season, despite poor quarterback play from Tua Tagovailoa, Waddle caught 64 passes for 910 yards and six touchdowns in 16 games.
During his career, Waddle has 373 receptions for 5,039 yards and 26 touchdowns. The addition of Waddle gives quarterback Bo Nix another star on the perimeter.
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Jaylen Waddle (17) of the Miami Dolphins runs the ball against the New York Jets during the second half at Hard Rock Stadium in Miami Gardens, Florida on December 17, 2023. (A Rich History/Getty Images)
Waddle will join an already strong wide receiver room with Courtland Sutton, Troy Franklin, Marvin Mims Jr. and Pat Bryant.
For the Dolphins, the Waddle trade continues the transformation that new general manager Jon-Eric Sullivan and head coach Jeff Halfley have brought to the roster. Sullivan has released Tagovailoa and star receiver Tyreek Hill and has now traded Waddle as they look to get younger and stockpile draft picks.
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Miami Dolphins wide receiver Jaylen Waddle (17) and wide receiver Tyreek Hill (10) celebrate a touchdown and two-point conversion during the second half of an NFL football game against the New York Jets in Miami Gardens, Florida on December 8, 2024. (AP Photo/Wilfredo Lee)
After the trade, the Dolphins now have two first-round picks and 11 overall picks in the 2026 NFL Draft.
The Dolphins will now need to find a No. 1 receiver at quarterback. Malik Willis, who signed with the Dolphins to a three-year, $67.5 million contract this offseason.
