Update 2:03 p.m. MDT

The trade deadline has come and gone. Jared Allen is still a Viking. But cheer up, Broncos fan: Peyton Manning is still a Bronco.

Update 1:40 p.m. MDT

With 30 minutes to deadline, it appears the Broncos have dropped out. The Jared Allen race has had more lead changes than a Broncos game in October.

Unboom. RT @AdamSchefter: Broncos not in on Vikings DE Jared Allen. Options diminishing. — MileHighReport (@MileHighReport) October 29, 2013

Update 12:50 p.m. MDT

The Broncos are the frontrunners and are pursuing the trade, according to NFL.com's Gil Brandt.

Hearing @DenverBroncos attempting to trade for Jared Allen. @Seahawks inquired. Deadline is 4p ET — Gil Brandt (@Gil_Brandt) October 29, 2013

Personally I hope the Broncos don't offer more than a conditional 3rd/4th, but a good defensive lineman is always a welcome addition!

Update 12:15 p.m. MDT

The latest from Schefter --

Seahawks not expected to trade for Vikings DE Jared Allen now. One source said the Seahawks have decided to not actively pursue him. — Adam Schefter (@AdamSchefter) October 29, 2013

Less than two hours before the trade deadline. Will the Broncos pull the trigger? Should they?

Original story follows below...

The Broncos have been rumored to be in the Jared Allen trade market since last week.

Now it appears there is a new contender for Allen's services, and like the Broncos, this other team is thought to be a title contender as well. Reports ESPN's Adam Schefter --

Seattle making 11th-hour push to trade for Vikings Pro-Bowl DE Jared Allen, per multiple sources. Vikings also talking to second team. — Adam Schefter (@AdamSchefter) October 29, 2013

Are the Broncos the "second team"? We know John Elway will not hesitate to pull the trigger on a move he feels will improve the team. Some outlets have suggested Denver is the most logical fit for Allen's services. NFP points out that Allen, 31, is due to make $7.56 million for the remaining nine weeks of the 2013 season, and then become a free agent.

Reports indicate the Seahawks and Vikings are negotiating between second and third round draft picks.