With the Broncos’ Super Bowl chances dwindling, the club is reportedly working on signing Bubba to a new contract.
Read moreThe Broncos have been linked with a deal for the Super Bowl MVP, but according to Fox Sports, a deal is unlikely to happen.
The Broncos were forced to put off a potential deal for Watson, who signed a one-year deal with the team in 2018, to sign with the Raiders.
Bubbys contract had been due to expire at the end of the season and he was expected to return to the NFL after the 2018 season.
However, he could be heading back to the Raiders next season.
The Raiders have reportedly been linked to a deal with former New York Giants linebacker DeMarcus Ware for Watson’s services.
Read MoreA Broncos spokesperson said the club does not comment on rumours.
The team is also set to sign a veteran free agent in the form of veteran wide receiver Jordan Norwood, according to the Associated Press.
Norwood, who has been with the Broncos since 2012, could also be a target for the Raiders this off-season.
He could join a young Broncos’ squad, who will also be in search of help at wide receiver in 2018.
Norbergos best position would be as a slot receiver, but he would bring versatility to the offence.