No surgery is needed. However, Lock is expected to miss the season's first eight games, according to Nicki Jhabvala of The Athletic.
The Broncos took the 22-year-old Lock with the 42nd pick in the 2019 draft. The 6'4" signal-caller tossed 99 touchdowns during his career at Missouri, including an SEC-record 44 in 2017.
He completed 31 of 51 passes for 254 yards, one touchdown and one interception in three preseason contests. Lock also ran for 28 yards on six carries and was sacked six times.
The question is who the backup will be behind starter Joe Flacco. The Broncos cut Kevin Hogan and Brett Rypien on Saturday, meaning Flacco and Lock are the only two signal-callers on the roster.
The Athletic beat writer wasn't the only reporter to connect Hoyer with the Broncos, as Ryan O'Halloran of the Denver Post did the same:
Troy Renck of Denver ABC7 noted Hoyer brings a "working knowledge of the offense" should the Broncos land him.
Regardless, the Broncos need to make a move for a backup quickly with their season set to start Monday, Sept. 9, against the Oakland Raiders.