Peyton Manning to announce retirement next week

It appears that Denver quarterback Peyton Manning will announce his retirement next week.

The Denver Post is citing two sources that say the 39-year-old Manning will acknowledge his decision to retire by the end of next week.

While Manning might have indicated to close friends and family that he will call it quits, he has not told the Broncos.

In response to the Denver Post report, Patrick Smyth, vice president of public relations for the Broncos, tweeted Saturday: "Peyton has not made a decision on his future. Plan remains for him to continue talks with the team this week."

Manning turns 40 on March 24.

If Manning was to play next season, he would have to complete a physical by Friday, according to reports.

FOX Sports reported late Saturday that the Broncos are moving forward with contract talks with other players without counting Manning's $19 million salary on their books.

Manning has to make his decision by March 9, when his $19 million salary for 2016 would become guaranteed.

General manager John Elway has told reporters he is not forcing Manning's hand to make a decision.

"I met with Peyton a couple nights ago and we had a good talk," Elway said. "As I said after the game, we'll give him as much time as he needs. He still needs some more time so we're going to afford him that time. He deserves it after 18 years in this league."