Last month, it was reported Jauan Jennings would seek a trade in the event he did not receive an extension. No new contract is forthcoming, and a swap sending him out of San Francisco is not on tap either. 
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When speaking to the media on Wednesday, general manager John Lynch confirmed Jennings did submit a trade request earlier this offseason. He made it clear, however, that no consideration has been given to dealing away the 28-year-old wideout. According to Lynch, both sides have moved on by this point.
“He’s been putting in work to the side,” Lynch said (via Cam Inman of the San Jose Mercury News) when referring to Jennings’ calf injury. “Both can be true: he wants a new contract and he has a hurt calf. Everyone assumes one or the other. Both can be true.”
Earlier this week, head coach Kyle Shanahan indicated he expects Jennings to be healed in time for Week 1. That would certainly be a welcomed development given the team’s plethora of injuries at the WR spot. Jacob Cowing was moved to injured reserve today, ensuring he will join Brandon Aiyuk and Demarcus Robinson on the sidelines through September. Having Jennings in place would be key for the team’s passing game, especially with the former seventh-rounder coming off by far his best season to date.
Jennings posted 975 yards and six touchdowns in 2024 and used that as a way of trying to leverage a new pact. The 49ers certainly have a long history of working out lucrative (and often protracted) extensions with high-profile players under Lynch, especially on the offensive side of the ball. Owed $4MM in 2025, Jennings will not be among them, however.
The Tennessee product is a pending free agent, so his market value will be dictated by the extent to which he can duplicate last year’s success. Especially before Aiyuk is back in the fold, a key role should await Jennings in the passing game. A strong showing would help his ability to land a raise next spring, but no new San Francisco pact (or change of scenery) will be in place before then.