With needs to fill and money to spend - approximately $40 million of cap space - they've pretty much taken a wait-and-see approach as their top prize weighs his options.
The competition for Manning has only intensified in recent days as Arizona, Miami and Tennessee have all expressed interest in the only four-time NFL MVP in league history. Manning spent Wednesday in meetings with Titans executives.
The secondary could be an area of concentration for the Broncos, especially with perennial Pro Bowler Brian Dawkins -an unrestricted free agent - on the fence about whether he may return to the field for a 17th season or call it a career. The 38-year-old Dawkins missed most of the last month and both of Denver's playoff games with a neck injury.
But that could change in a hurry.
At the top of their wish list is, of course, Manning.
Once the Indianapolis Colts decided to sever ties with Manning last week rather than pay a $28 million bonus that was due, the Broncos quickly stepped in and rolled out the red carpet. He was flown in on a chartered plane and met with Broncos vice president of football operations and Hall of Fame quarterback John Elway, along with coach John Fox, for nearly six hours last Friday.
Should the Broncos land Manning, it could open the floodgates for even more free agents, since others are sure to follow No. 18 to the Mile High City.
Prater had three straight weeks in which he kicked the winner on the game's final play, helping Tim Tebow and the Broncos go on a six-game winning streak that propelled them into the playoffs for the first time in six seasons.
Reach out to AP Sports Writer Pat Graham on Twitter: http://twitter.com/pgraham34