Lloyd, a journeyman who blossomed into a star in Denver last year, had 77 receptions and 11 touchdown receptions for the Broncos last year. This season he has only 19 and is a free agent at season's end.
With the loss of Kenny Britt to a knee injury, the Titans could potentially be in the market for a rent-a-player, although they are trying to incorporate free agent pickup Donnie Avery into the offense as quickly as they can.
Lloyd could be a potential No. 1 type target as Britt was, making things easier for Tennessee's other receivers Nate Washington, Damian Williams and Lavelle Hawkins.
The downside is that it would take Lloyd several weeks to get up to speed in learning the Titans system and terminology.
Last year, when Britt suffered a hamstring injury, the Titans gambled on Randy Moss, claiming him off waivers from Minnesota, but by season's end Moss was rarely on the field and had just five catches.