ESPN is reporting former Colts quarterback Peyton Manning will sign with the Denver Broncos.


Manning, who will be 36 in a week, was released from the Colts earlier this month in lieu of a $28 million roster bonus due to him. That set in motion a free agency tour which has apparently ended in Denver.


ESPN reports that Manning called Broncos general manager John Elway to say he was looking forward to joining the team. Manning also instructed his agent to negotiate a deal. Should there be no problems, he will join Denver for the 2012-13 season.


Adam Schefter reports the Broncos will look to trade incumbent quarterback Tim Tebow.


Manning flirted with several teams, including the Cardinals and 49ers. He ruled out the Jets, Chiefs and Dolphins fairly early in the process. But all along he appeared most interested in the Broncos. He traveled to Denver and met with Elway and the Denver brass and then hosted them and head coach John Fox last week in North Carolina.


Elway tweeted after the workout that the session went well and Manning looked good.

Manning is still rehabbing from neck surgery that kept him out all of 2011.