Colin Kaepernick may soon find a home here in Denver after all.

On Wednesday, San Francisco 49ers general manager Trent Baalke spoke to ESPN’s Bob Holtzman about reignited trade rumors surrounding Kaepernick and the Broncos.

“I wouldn’t say we are out there looking for it, but I wouldn’t rule it out,” Baalke said.

According to Jason Cole of Bleacher Report, the 49ers and Broncos have discussed a deal that would send Kaepernick and the 49ers’ second-round pick to Denver in exchange for the Broncos’ first-round pick, 31st overall.

This would allow San Francisco to have a fresh start at the quarterback position, and it could set them up to draft someone like Connor Cook, who Cole says the 49ers are interested in.

If this trade were to go through, the Broncos would have their first pick at 37, which is only six picks after where they currently stand. While this deal makes a lot of sense for Denver, someone not named the Broncos is still going to have to pick up part of the tab.

The Broncos aren’t willing to pay all of Kaepernick’s salary, which means that either he or the 49ers will have to split the bill. Time is ticking for a deal to get done.