However, general manager John Elway and Co. may look to move out of the No. 5 spot, depending on the situation on April 26.
According to The MMQB's Albert Breer, Denver will explore trading down if none of its target signal-callers are still on the board by the time the team goes on the clock.
It's not clear which signal-caller(s) the team views as a potential franchise quarterback. However, it's possible four passers could be taken with the first four picks, especially if draft-day trades occur. That could put Elway in an interesting spot.
The Broncos' depth chart features Keenum, Paxton Lynch and Chad Kelly. While Denver would look at adding a quarterback at No. 5 if it likes an available player, missing out on its guy could lead to a deal that lands the team multiple picks.
Depending on how the first few selections go, the likes of running back Saquon Barkley, defensive end Bradley Chubb and other top prospects could still be available, possibly causing other teams to try to move up.
Once the Broncos go on the clock, Elway will have a decision to make that could impact the franchise for years.