The Carolina Panthers traded quarterback Teddy Bridgewater to the Denver Broncos in return for a sixth-round draft pick on Wednesday.

Carolina allowed Bridgewater to depart after landing New York Jets signal-caller Sam Darnold earlier this month.

ESPN's Adam Schefter reported the Panthers will pay Bridgewater $7million, while he is said to be set to receive $3m from the Broncos.

Bridgewater spent just one season with the Panthers, completing 69.1 per cent of his passes for 3,733 yards, 15 touchdowns and 11 interceptions in 15 starts.

The 28-year-old rushed for 279 yards and five touchdowns in the 2020 campaign.

Denver could reportedly still be in the market for another QB in Thursday's NFL Draft, despite also having Drew Lock, Brett Rypien and Jeff Driskel on the roster.

Lock started 13 games for the Broncos last year, completing 57.3 per cent of his passes for 2,933 yards, 16 touchdowns and 15 interceptions.

Broncos general manager George Paton said: "Acquiring Teddy Bridgewater adds competition, experience and a strong veteran presence to our quarterback room.

"He's a talented player and leader who's had success in this league in a number of different situations. Being familiar with Teddy from Minnesota, he's going to compete and do everything he can to help us win."