Reports: Peyton Manning to play for Denver Broncos

INDIANAPOLIS (WISH) - Peyton Manning is going to play for the Denver Broncos, multiple media outlets reported Monday.

ESPN's Adam Schefter also reports the Broncos will try to trade quarterback Tim Tebow.

The network’s veteran NFL analysts turned to Twitter for the announcement. CBS Sports also confirmed the ESPN report.

Schefter reported the ex-Colts quarterback called John Elway at the Broncos and instructed his agent to get the deal done.

From @ mortreport and me: Peyton Manning will become the next quarterback of the Denver Broncos, barring unexpected snag in contract talks.

— Adam Schefter (@AdamSchefter) March 19, 2012

The ESPN.com article outlines the terms Manning and the Broncos discussed in a previous meeting:

"John Elway and Manning first discussed the parameters of a five-year, $95 million contract during their March 9 meeting in Denver, the first time the former Indianapolis Colts quarterback visited a team during his free agency," the site reports .

Elway, the Executive Vice President of Football Operations for the Broncos and former Bronco quarterback, Tweeted Friday about his impressions after seeing the four-time MVP throw.

We enjoyed visiting with Peyton today in N.C. He threw the ball great and looked very comfortable out there.

— John Elway (@johnelway) March 16, 2012