Texans general manager Rick Smith told reporters on Tuesday that the team is always engaged in trade discussions.
"He's a really good football player for us," Smith said of Swearinger, according to the Houston Chronicle.
Swearinger has started 22 games over his first two seasons, but is coming off a disappointing 2014 for Houston. He graded out in the bottom 10 among 87 safeties last season, according to ProFootballFocus.com, and was particularly deficient against the run.
Swearinger is owed just $1.6 million over the final two years of his rookie deal, making him a potentially attractive target in trade talks. The Texans, meanwhile, appear to be back in the market for safety help in the draft.