On the same day that the Carolina Panthers gave Cam Newton permission to seek a trade, the team is working on details of a contract with free-agent quarterback Teddy Bridgewater, a source told ESPN's Chris Mortensen.

The contract would run for three years and average around $20 million per year, the source said. It is not completed but is expected to be completed by the time the new league year begins Wednesday.

That news came after Newton responded to the team's post on Instagram saying that he could seek a trade.

"Stop with the word play. I never asked for it," he said. "There is no dodging this one. I love the Panthers to death and will always love you guys. Please do not try and play me or manipulate the narrative and act like I wanted this. You forced me into this. Love"

Pro Bowl tight end Greg Olsen, who parted ways with the Panthers after nine seasons this year, responded to Newton's comments on Instagram with one of his own: "Sounds familiar."

Bridgewater has been a hot commodity since he had a strong showing filling in for the injured Drew Brees in New Orleans last season. He went 5-0 as a starter, saving a promising season.

The former first-round pick of the Vikings has been slowly boosting his stock since a nearly catastrophic knee injury cost him almost two full seasons.

New Panthers offensive coordinator Joe Brady has worked with Bridgewater, now a free agent, during his two years as an offensive assistant with the Saints.

Newton, who will turn 31 in May, continues to rehab from Lisfranc surgery that was performed in December. His rehab has gone well and a league source told ESPN that he was on track to fully participate in a June minicamp before the coronavirus pandemic forced the NFL to suspend offseason programs.

Newton was the NFL MVP in 2015 when he led the Panthers to the Super Bowl, a 24-10 loss to Denver. The Panthers have been to the playoffs only once since then, a wild-card loss to the Saints in 2017.

Newton, who holds most of Carolina's career passing records, missed 14 games last season with the Lisfranc injury and the final two games of the 2018 season with a shoulder injury that also required surgery.

Panthers general manager Marty Hurney issued a statement about Newton.

"One of the distinct pleasures of my career was selecting Cam with the first pick in the 2011 draft," he said. "Every year difficult decisions are made and they are never easy. We have been working with Cam and his agent to find the best fit for him moving forward and he will always be a Carolina Panther in our hearts."

The Panthers are in a rebuilding mode under new coach Matt Rhule. In addition to Olsen, they have parted ways with Pro Bowl right guard Trai Turner.

The only quarterbacks on Carolina's roster other than Newton are 2019 third-round pick Will Grier and Kyle Allen, who started 12 games last season while Newton dealt with a foot injury. A week ago, the Panthers re-signed Allen, set to become an exclusive-rights free agent, to a one-year deal.