Broncos receiver Rod Smith is planning to hold a news conference Thursday amid published reports that he will retire.
Smith's agent, Jack Mills, confirmed the event but declined to give details.
The Broncos said they were aware of the reports, but didn't know about a press conference.
Smith, 38, has been on the reserve/retired list since February and has had two hip operations in the last year and a half. He's the franchise's career leader in every major receiving category.
In June, Smith paid a visit to the Broncos' team camp and passed out pointers to the younger receivers as they ran their routes. He said at the time that he wasn't sure if he was ready to walk away from football.
However, he admitted that if he had caught his last pass, he was at peace with the decision.
"You knew it eventually was going to end," Smith said in June. "When it's time to close the door, trust me, I'm going to close it and wish the Broncos the best, no matter what."
Smith holds franchise records for career receptions (849), receiving yards (11,389), touchdown catches (68), touchdowns (71) and 100-yard games (31).
He was originally signed by the Broncos as an undrafted free agent in 1994. He played his entire 14-year career with the team.
The Missouri Southern product also leads all undrafted players in every major receiving category.
Smith joined the team's practice squad in 1994 and played on the Broncos' 1998 and 1999 Super Bowl championship teams.
In June, Smith said he wasn't ready to give up.
"There's always a chance," said Smith, who was on the Broncos' reserve/retired list at the time. "But I've got to worry about my body right now. That's what I've been doing for the last few months. It's getting a lot better."
Smith said can now sleep through the night without the hip waking him up because of the pain. He said he also frequently runs on a treadmill and shoots a little basketball.
"I can do a lot of things I couldn't do for sure last year," Smith said. "Right now I'm just working to be in shape. I'm not working to be in football shape. I'm not out there in my yard running routes or anything like that ... The thing is to make sure I can do the little things before I take those bigger steps."
The Broncos made bolstering their depth at receiver an offseason priority, bringing in Keary Colbert, Samie Parker and Darrell Jackson after severing ties with Javon Walker.