Trades and free agent signings continue to make up a very busy week in the NFL.

The Washington Redskins were supposed to be big players in the free agent and trade market. They have signed former Cowboys defensive end Stephen Bowen, and did the inevitable by trading Donovan McNabb.

Meanwhile, the New York Jets have been active after signing Santonio Holmes.

Here's an update on free agents and the lone quarterback on the trade block:

Nnamdi Asomugha, Oakland: There may not be a better cornerback than Asomugha, who got a huge contract from the Raiders in Feb. 2009, and should expect another lucrative one again this year. He's the prize of the free agent class, and will have plenty of suitors. Asomugha, 30, might be a star for several years to come, and he has a great attitude. It looks like the three teams with the best chance to land Asomugha are the Jets, Texans, and 49ers.

"The Cowboys are becoming real players in the Nnamdi sweepstakes. The Jets still hold the lead," said John Clayton of ESPN on Twitter.

Update: Philadelphia signs Asomugha.

Cullen Jenkins, Green Bay: Despite playing only 11 regular-season games in 2010-2011, Jenkins racked up seven sacks and is among the best 3-4 defensive ends in the game. Expect the Packers to let Jenkins go, as they go young. The Redskins are likely not to pursue Jenkins after signing Bowen.

Possible destinations: Dallas, Denver, N.Y. Giants, Chicago, Baltimore

Malcom Floyd, San Diego. The Chargers' wide out has proven to be a solid contributor over the past two seasons, having gained over 700 yards in 2009 and 2010. He only played 11 games last season, but is one of the two best wide receivers remaining. Floyd seems certain to leave San Diego.

Possible destinations: Minnesota, St. Louis, Chicago, 49ers

Braylon Edwards, N.Y. Jets. With the Jets bringing back Santonio Holmes, the future of Edwards in a Jets uniform is uncertain. The 2010 season was a productive one for Edwards, who had 53 catches and 904 yards. There are plenty of teams interested in his services, but the Jets apparently are not one of them, as they pursue Randy Moss.

Possible destinations: Minnesota, Arizona, St. Louis

Ray Edwards, Minnesota: Many teams will be vying for Edwards after two straights seasons of eight sacks or more. The question dogging interested teams is how effective Edwards will be without Jared Allen on his line.

UPDATE: Atlanta signs Edwards to a five-year, $30 million deal.

Quarterback trades:

Kyle Orton, Denver. Orton is coming off a season where he was 15th in quarterback rating, and threw very few interceptions (9) based on his number of passes (498). With McNabb and Kolb off the market, attention has turned to to Orton. In recent days it appeared that Orton would be headed to Miami, but the Dolphins have signed Matt Moore. It's possible at this point that Orton could stay with the Broncos and perhaps back up Tim Tebow.

Possible destinations: Arizona, Cincinnati, Washington