According to league sources, the New England Patriots are willing to listen and consider offers from teams looking to move up to the third pick in the upcoming 2024 NFL Draft. The decision-making process is being led by Patriots director of scouting Eliot Wolf, with heavy involvement from team president Jonathan Kraft.

Last week, Wolf made it clear that the Patriots are open for business, signaling their willingness to explore potential trades. However, owner Robert Kraft has expressed a strong desire to secure a quarterback in this year's draft, which could complicate trade discussions.

During the league meetings last month, Kraft emphasized his intention for the team to come away from the draft with a talented quarterback. Even if the Patriots were to trade out of the No. 3 spot, they might still pursue a quarterback by attempting to trade back up, possibly targeting Michigan's J.J. McCarthy.

This particular factor, Kraft's insistence on acquiring a quarterback, could potentially sway the Patriots to stand firm at the No. 3 position and select a signal-caller directly. It is speculated that it would require a substantial offer, often referred to as a "bag" by coach Jerod Mayo, to entice the Patriots to trade back.

As the Patriots evaluate their options, teams across the league will be keeping a close eye on their decision. The opportunity to secure a high draft pick presents an enticing prospect for those seeking to bolster their squad with top talent.

The third pick in the NFL Draft holds immense value, and with the Patriots holding it, the upcoming weeks are sure to be filled with speculation and trade rumors. The team's determination to land a franchise quarterback will undoubtedly shape their strategy moving forward.

Ultimately, the New England Patriots have positioned themselves as active participants in the trade market for the third overall draft pick. Whether they stick to their guns or entertain compelling offers, only time will tell how the situation unfolds as the 2024 NFL Draft draws closer.