"He may or may not,'' Elway said. "Who knows? We're going to continue to massage this thing and try and figure out what's best and gives us the best opportunity to win football games."
Anderson earned his first career 1,000-yard season in 2017 but averaged 4.05 yards per carry the last two seasons, with seven total rushing scores during that span.
"C.J. obviously had a great year for us last year," Elway said. "We'll see where that takes us. Obviously, there's a lot of moving parts to it when you talk about the [salary] cap and all those type things, too, so we'll continue to work on it and see what happens.''
Elway has spent all offseason being noncommittal regarding Anderson. During the NFL Scouting Combine, the GM suggested Anderson and Aqib Talib could be shipped out. With the corner traded to L.A., Anderson is the final chip waiting to fall. Elway could be holding out hope an RB-needy team would be willing to trade for the 27-year-old tailback.