1. Wes Welker, New England
To stay or not to stay.
That is the question.
No one has caught more footballs than Wes Welker in the NFL since he joined the Pats in 2007.
Needless to say, Welker is easily Tom Brady's favorite target. Unlike Brady's other targets, Welker is as durable as they come—only missing three regular-season games in his six seasons with the team.
While it's hard to get a good read on the situation given all the conflicting reports, it makes sense that the Patriots would want their ol' reliable back, first and foremost.
2. Danny Amendola, St. Louis
As much as I'm tired of the Amendola-for-Welker talk, signing the former Ram does make some sense if Welker decides to walk.
Amendola is only 27 and can do a lot of the same things Welker does in the slot and would likely come at a fraction of the cost.
He's no Welker—far from it—but he's still a good slot receiver.
3. Devery Henderson, New Orleans
In all likelihood the Patriots will draft a tall and fast wide receiver at some point in this year's draft—at least they should.
Even if they draft a guy and Brandon Lloyd isn't cut this offseason, the Patriots need to try to find a legitimate outside receiver, preferably someone with speed and/or size.
Henderson, while not tall at 5'11'', does have a thick frame at 200 pounds and certainly has speed.
He hasn't been very productive over the past few seasons and will be 31 this month, so the Patriots could likely get him at a reasonable price.
4. David Nelson, Buffalo Bills
Nelson is a restricted free agent, but he is reportedly not going to be tendered a contract by the Bills (per Adam Schefter of ESPN).
He was hurt last year but had a very productive 2011 season with 61 catches, 658 yards and five touchdowns.
At 6'5'', Nelson could certainly add some size to New England's small wide receiver group and would give Brady another big end-zone target.