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Nick Foles of the Philadelphia Eagles attempts a pass during the first quarter against the New Orleans Saints in the NFC Divisional Playoff Game at Mercedes Benz Superdome on January 13, 2019 in New Orleans. Jonathan Bachman/Getty Images

With Super Bowl LIII set to kick off Sunday night, there is talk about the future of last year's Super Bowl MVP. According to reports this weekend, the Philadelphia Eagles plan to exercise the franchise tag to secure backup quarterback Nick Foles before trading him this offseason.

It's still unclear which teams will or have shown serious interest in Foles. According to ESPN's NFL insider Adam Schefter, the Eagles can expect about a third-round pick in return for the 30-year-old.

Like most NFL transactions, there are contract complications. Philadelphia could pick up his $20 million option, thus allowing Foles to void the option by paying the team $2 million. The Eagles would then franchise him and then trade him.

NFL Network insider Ian Rapoport noted that Foles and Eagles front office could work on a trade that both parties would agree upon. The Eagles could also get a compensatory pick if Foles moves on as a free agent.

The Eagles have made it clear that injured starter Carson Wentz will continue to lead the team despite Foles' success in the playoffs.

Foles threw for 1,413 yards, seven touchdowns and four interceptions in 2018.