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Sources - New York Jets, Miami Dolphins in trade talks for Kansas City Chiefs WR Tyreek Hill

The New York Jets and Miami Dolphins are in serious talks to trade for Kansas City Chiefs wide receiver Tyreek Hill, league sources told ESPN.

Hill is expected to receive a massive contract extension from the team that trades for him, according to sources. Hill is currently scheduled to become a free agent after this season.

Both the Jets and Dolphins have trades in place for Hill, according to sources. The question now becomes where Hill wants to become the highest-paid wide receiver in NFL history. Once he decides, the trade is expected to happen; for now, Hill is said to be «torn.» A decision is likely within the next 48 hours.

Davante Adams is currently the highest-paid wide receiver after he signed a five-year contract with the Las Vegas Raiders that averages $28.5 million per season.

Tyreek Hill has the third-most touchdown catches in the NFL since his rookie season in 2016.

Multiple teams were approached about a potential Hill trade, but the Jets and Dolphins emerged in recent days as the two finalists, sources said.

Dolphins assistant general manager Marvin Allen was the Chiefs director of college scouting for five years, from 2013 to '17, when Kansas City drafted Hill.

Both the Jets and the Dolphins are in need of a No. 1 wide receiver to aid their young quarterbacks, Zach Wilson and Tua Tagovailoa, respectively.

The Jets, one of four teams that doesn't have a 1,000-yard receiver or tight end on its roster, have been looking for a dynamic playmaker to accelerate Wilson's development. Other than re-signing backup slot receiver Braxton Berrios, they didn't add any wideouts in free agency.

The Jets have been backloading contracts in free agency, in part, to create cap flexibility this season, in case an opportunity

Read more on espn.com