The Denver Broncos have traded Demaryius Thomas to the Houston Texans in exchange for a fourth-round draft pick.

The teams will also swap seventh-round picks.

John Elway said "three or four teams" had expressed interest in Thomas.

"We were not hell bent on trading Demaryius,'' Elway said. "If the value was there, we felt the value was there ... we got the value we thought was fair and that was the most important thing."

Houston will face the Broncos in Denver on Sunday.