The report, citing NFL sources, said the Broncos are seeking a third-, fourth- or fifth-round pick for Lloyd. One of the sources told the newspaper that the Carolina Panthers and Tennessee Titans were among "three or four" teams that have expressed interest.
Lloyd, who led the NFL with 1,448 receiving yards last season, leads the Broncos this season with 283 yards on 19 receptions. Denver still has young receivers in Eric Decker, Demaryius Thomas and Eddie Royal.
The NFL trade deadline is Tuesday.