Wide receiver Eddie Royal has apparently asked for a trade as well, according to ESPN's Adam Schefter.
Both receivers are on the last year of their contract in 2011, and the quarterback that made them both effective is now on the bench.
It makes sense for the Broncos to make a move this year with both players as the more draft picks they can accumulate for the 2012 NFL Draft the better.
Denver fans might be upset to see this apparent fire-sale of talent from Denver, but they do have some names coming back to the field next week in addition to the ones that might be leaving.
First-round draft pick Demaryius Thomas is expected to make his season debut in Week 7 against the Miami Dolphins. Thomas has been absent since early in 2010 after an achilles injury.
Rookie tight end Julius Thomas should also return to the field next week if all goes well.
With Tim Tebow at the helm, the passing game is certain to make a decline in Denver's game-plan. With solid targets in Eric Decker and Daniel Fells to add to the list of returning players it's safe to assume the trades of Lloyd and Royal won't have a large impact on Denver's offense.
As long as Tebow has some large receivers and tight ends to aim at from the pocket, he should be fine.
A vertical threat is nice to have and really exciting, so Lloyd will be missed by the Broncos faithful. Royal, on the other hand, has been ineffective for the last two years and can't seem to stay on the field.
Happy trails Lloyd and Royal, as much as Broncos fans love you, the depth that Denver has returning to the field will not make us miss you for long.