Despite various reporting online on Friday, the Green Bay Packers and Seattle Seahawks have not engaged in trade talks involving wide receiver DK Metcalf, according to Matt Schneidman of The Athletic.

The trade idea makes good sense for the Packers, considering Metcalf’s explosive ability and potential to replace Christian Watson, who will miss part or most of the 2025 season with a knee injury. The 27-year-old Pro Bowler could instantly upgrade the Packers’ passing game after averaging over 9.0 yards per target and 14.0 yards per catch over the last two seasons in Seattle.

But it appears those trade talks aren’t yet happening, or at least one side of the reporting story doesn’t want details of any talks getting out just yet.

Metcalf, a Pro Bowler in 2020 and 2023, is entering the final year of his contract in 2025. His deal voids in 2026, and the Seahawks — who are over the salary cap set for 2025 — could save around $11 million by trading him this offseason, so the trade idea doesn’t lack merit from Seattle’s side.

Then again, the Seahawks missed the postseason last year and have a 34-year-old quarterback in Geno Smith, so trading one of the team’s best offensive weapons might not be in the cards for general manager John Schneider.

The Packers know they must find a way to replace Watson’s value as a deep threat in Matt LaFleur’s offense somehow. Brian Gutekunst is confident the Packers have internal options, and the team has cap space to aggressively target players in free agency and seven picks to work with in the 2025 draft.

Trading for Metcalf would likely require sending draft capital (and potentially a young player) to Seattle and then signing Metcalf to a new, lucrative deal.

The Packers are in a good shape financially, so the new contract wouldn’t be a burden. But Gutekunst must weigh the cost while also determining if Metcalf is enough of a difference-maker to swing a blockbuster trade this offseason.