Source: Wes Welker to Broncos ‘very likely’

Update, 3:26 p.m. The Globe’s Greg Bedard just posted this tweet on Wes Welker:

3:03 p.m. The Denver Broncos are in serious talks to sign Patriots free agent wide receiver Wes Welker, league sources tell ESPN’s Adam Schefter. The report says a decision is expected sometime on Wednesday.

The Patriots used their franchise tag on the 31-year-old Welker last season, but let him reach free agency this season. Welker led the Patriots with 118 catches and 1,354 receiving yards last season to go with six touchdowns.