The move comes just hours after Rapoport reported a standoff in trade talks involving Talib and the Patriots.
"For Talib, there were really only two places he wanted to go," Rapoport revealed on Thursday's edition of NFL Total Access. "New England, where of course he had a lot of success with Bill Belichick and the Patriots. And Los Angeles with the Rams, where he would get to play under Wade Phillips, his former defensive coordinator in Denver."
Why was Denver willing to part with Talib, a lockdown cornerback still playing at a high level?
They wanted to take advantage of Bradley Roby's athleticism and young legs while shedding Talib's salary to facilitate the upcoming quest for a franchise quarterback.
"Obviously the numbers in terms of his salary were the reason," Palmer explained. "It wasn't his play. ... When Wade Phillips has great corners, you see how creative he can be and how successful he can be with a defensive unit. And obviously the tie with Talib and Wade Phillips goes back [to Denver]."
Phillips will now have the luxury of two premier playmakers to lead his ballhawking defensive backfield. Talib leads all active cornerbacks in interceptions (32) since he entered the league in 2008 while Peters' 19 picks are the most over the past three seasons.
Phillips has every reason to believe his secondary will dethrone Seattle's celebrated Legion of Boom as the toast of the NFC West going forward.