Michael Smith and Jemele Hill debate where the best fit for Tony Romo would be, including if staying with the Cowboys as a backup for Dak Prescott would be the smartest option. (1:42)

Tony Romo is now expected to be traded rather than released by the Dallas Cowboys, with both the Denver Broncos and Houston Texans being potential trade partners, according to league sources.

Details are not clear, but the Cowboys now believe they have a trade that will work for Romo and the team, sources said.

Thursday afternoon, Romo posted a message for Cowboys fans on Instagram.

Thanks for everything cowboy nation. A post shared by Tony Romo (@tony.romo) on Mar 9, 2017 at 12:56pm PST

The Broncos also have been talking to the New York Jets about a trade involving quarterback Trevor Siemian, sources said.

If the Jets cannot land Siemian, they have discussed adding Jay Cutler, who will be released by the Bears, according to sources.