Schefter was just on the Dan Patrick show, and he said emphatically that Peppers was not coming to NE. He is usually pretty much right on with this stuff. He said that their was no way that the mangenius was going to Denver, back when BSPN was reporting that it was going to happen.
His blog also states that Peppers will be very hard to trade because he has not sign his tender:
NFL.com Blogs Adam Schefter
Now that QB Matt Cassel has been dealt to the Kansas City Chiefs, trade speculation has shifted to another franchised player, Carolina Panthers DE Julius Peppers.
Yet the two situations are as different as the two players.
Peppers has a franchise tender and cannot be traded until he signs it, which means any trade discussions must go through his agent, Carl Carey. Under the terms of the collective bargaining agreement, Carolina is prohibited from discussing a deal for Peppers with another team. If the Panthers did, it immediately would bring an NFL Players Association grievance.
These are minor points but points of clarity. New England was able to trade Cassel. Carolina cannot trade Peppers — not until he has signed his franchise tender, which he has not.
And it’s hard to envision finding a team that would satisfy Peppers’ wishes and the Panthers’ asking price.