SANTA CLARA -- Alex Smith can't be traded until March 12, but a deal is "effectively complete" with an unidentified team, according to a CBS Sports report.
CBS Sports' Jason LaConfora tweeted Sunday that the 49ers "have expressed to others" that a trade is virtually in place to deal Smith. General manager Trent Baalke and coach Jim Harbaugh both said last week the 49ers would likely trade or keep Smith rather than release the quarterback they drafted first overall in 2005.
Where Smith will end up remains a mystery, although a few teams are considered logical candidates. That includes the Kansas City Chiefs, who aren't expected to use the No. 1 overall draft pick on a quarterback. New Chiefs coach Andy Reid reportedly was interested in acquiring Smith a year ago when Reid was with the Eagles. Other quarterback-needy teams are the Arizona Cardinals, Cleveland Browns, Buffalo Bills and New York Jets.
Smith has compiled a 38-36-1 regular-season record as a 49ers starter, including a 19-5-1 mark in coach Jim Harbaugh's two seasons. After sustaining a Nov. 11 concussion, Smith lost his starting job to Colin Kaepernick, who helped guide the 49ers to Super Bowl XLVII.