The 49ers swung a massive trade for the #3 overall pick in next month's draft, sending the #12 pick, a 2021 3rd-rounder and 1st-rounders in 2022 and 2023 to the Dolphins. The 'Niners clearly have their eyes on a QB. ESPN's Adam Schefter hears that the team doesn't have 1 specific rookie in mind but is "good with the options" that will be available. That'll be some combination of BYU's Zach Wilson, Ohio State's Justin Fields and North Dakota State's Trey Lance. Schefter also reports that San Francisco "has no plans" to trade QB Jimmy Garoppolo -- but his days as the starter are clearly numbered. The Dolphins, meanwhile, are reaffirming their commitment to QB Tua Tagovailoa with this trade.

The 49ers and QB Jimmy Garoppolo are finalizing a new deal that will make him the "highest paid backup in the NFL," according to NFL Network. It's a surprising move after the 'Niners basically said all offseason that Garoppolo had no future with the team. San Francisco has committed to QB Trey Lance as the starter -- but Garoppolo's presence will make it easier to bench Lance if he struggles this year. We're not moving Lance in the QB rankings, but his fantasy floor is now a little low.

Update: ESPN's Adam Schefter reports that Garoppolo is getting $6.5 million guaranteed with "playtime bonuses that can boost it another nearly $9 million." So it's a backup-level deal with upside in case Garoppolo ends up playing more than expected.

49ers QB Jimmy Garoppolo has been cleared to practice after offseason shoulder surgery. "He has no restrictions and I’m watching him throw out here right now," GM John Lynch said. "He looks pretty good." With the 'Niners turning the offense over to QB Trey Lance this year, Garoppolo has been working separately from the rest of the team. We'll see if a trade materializes ahead of Week 1.

NFL Network's Ian Rapoport reports that 49ers (still) QB Jimmy Garoppolo recently had a checkup with Dr. Neal ElAttrache and is "progressing well." Rapport added that the Niners are "thrilled with where he is physically." Garoppolo has reportedly been throwing for about 4 weeks and is expected to gain full clearance to return from his right-shoulder injury in mid-August. We'll see whether this is enough to jumpstart the QB's trade market.

According to NFL Network’s Tom Pelissero, “the expectation within the league” remains that 49ers QB Jimmy Garoppolo will be traded by August 1. A recent report suggested that the Bucs made a play for Garoppolo, but his agent (Don Yee) shot that down. Unsurprisingly, Yee also claimed that his client is “progressing well and on schedule” from offseason shoulder surgery.

49ers QB Jimmy Garoppolo "remains on schedule" in his rehab from March shoulder surgery and is expected to resume throwing in early July, ESPN's Jeremy Fowler reports. HC Kyle Shanahan straight-up said a month ago that he expects Garoppolo to be traded once this shoulder issue is behind him. Carolina seems like his most likely landing spot.