Ian Rapoport of NFL Network reported the Bills may not decline the $6 million option in Taylor's contract for the 2018 season, instead choosing to explore the trade market.
Taylor, 28, was benched this week in favor of rookie Nathan Peterman despite leading Buffalo to a 5-4 record and putting up solid counting stats. He's thrown for 1,684 yards and 10 touchdowns against three interceptions, also adding 237 yards and two scores on the ground.
"Obviously disappointed," Taylor told reporters following his benching. "I don't agree with the decision, but the decision was made and I'm moving forward.
"Definitely disappointed. I don't agree with the decision, but ultimately, coach McDermott has a vision for this team and what he believes is best for this team as well as the owners and the GM. I have to move forward and continue to be the teammate and the leader that I am from a different role."
Taylor's contract carries a $6 million roster bonus due on the third day of the 2018 league year if he's not released, per Spotrac. The deal also calls for a $10 million base salary.
Given Peterman was a fifth-round prospect without much of an elite college resume, the move to bench Taylor has always seemed a bit odd. The Bills are a potential playoff team, and even if Taylor isn't among the NFL's elite quarterbacks, he's better than a lot of the current options around the league. Taylor brings an extra element with his legs and rarely turns the ball over.
This felt like a situation where the Bills were more eager to move on than anything and looked for an excuse. But things will probably work out for both parties if they can get a middle-round pick for him in the offseason.