In need of an experienced backup quarterback in the wake of Paxton Lynch's right-shoulder injury, the Broncos agreed to terms with Osweiler shortly after he was released by the Cleveland Browns.
President of Football Operations/General Manager John Elway announced the move Saturday during his press conference, noting that the return is pending a physical on Monday.
Osweiler provides an experienced relief option behind Trevor Siemian, having broken into the NFL in 2012 as a second-round pick under Mike McCoy, who was then in his first stint as the Broncos' offensive coordinator. Osweiler should be able to quickly settle back into the scheme, having worked in it for three seasons -- first in 2012 under McCoy, and then for two seasons under then-coordinator Adam Gase after McCoy departed to become the San Diego Chargers' head coach.