Hold the phone. Contrary to a recent report, the Jaguars are not close to trading Yannick Ngakoue, according to GM Dave Caldwell (Twitter link via Alex Marvez of SiriusXM). 

[RELATED: Jaguars Seeking “More” Than Second-Round Pick For Ngakoue]

Earlier this week, the Jaguars were said to be on the verge of a trade that would grant Ngakoue’s long-standing wish. Last night, NFL.com’s Tom Pelissero cast some doubt on the likelihood of a deal, noting that the Jaguars’ asking price remains high. A second-round pick, he says, would not get the job done. Instead, the Jaguars would want a second-rounder “and change”.

Ngakoue still wants out, and he recently hired a new agent to help facilitate a trade. Still, there’s reason to believe that Ngakoue will ultimately cave and suit up for the Jaguars in 2020. He did, at long last, make contact with Caldwell, and he doesn’t have a lot of great options if the Jags continue to stand firm. Ngakoue will lose out on more than $1MM per week if he takes his holdout into the regular season, and he’ll have to report by Week 10 in order to earn an accrued season towards free agency.

It’s hard to see any team – even the ever-aggressive Raiders – coughing up more than a second-round pick for a rental. With the franchise tender extension deadline in the rear-view mirror, teams cannot engage in contract talks with the defensive end until after the 2020 season. Even then, an Ngakoue extension would be a pricey proposition.

The Jaguars are reportedly close to a deal that would send Yannick Ngakoue elsewhere and possibly net the team a second-round pick in return. Apparently, that wouldn’t be quite enough. The Jaguars want “more” than a second-round pick, according to NFL.com’s Tom Pelissero (on Twitter). 

[RELATED: Jaguars Close To Yannick Ngakoue Trade?]

A second-rounder “and change,” could be enough to sway Jacksonville, rival teams tell Pelissero, though he hasn’t heard of any imminent deals. The Raiders could be one possible destination for Ngakoue, who would bolster a pass rush currently headlined by Clelin Ferrell and Maxx Crosby. The Jets – who were previously said to be disinterested – are still mulling the possibility, according to Mike Lombardi of The Athletic. The Seahawks may also make some sense for the 25-year-old, and they made a similar late-summer move for Jadeveon Clowney last year.

Ngakoue says he’s through with the Jaguars and he has hired a new agent to help speed up trade talks. On the field, the Jaguars have been happy with the Maryland product – he’s got 37.5 sacks to his credit across four seasons. Off the field, he’s engaged in Twitter spats with team ownership while disparaging the front office publicly. For now, he’s set to play out the 2020 season on his one-year, $17.88MM tender.