The San Francisco 49ers are likely holding onto hope that the Brandon Aiyuk saga will culminate in retaining their top receiver.

Otherwise, a deal would have already been sealed.

The Aiyuk drama has been ongoing for an extended period, and a recent media report suggests two possible outcomes: Aiyuk is traded to the Pittsburgh Steelers or he returns to the 49ers.

However, as we’ve seen with this story, circumstances can change rapidly.

The 49ers and Steelers have reportedly agreed on the terms of a trade, with the Steelers in a favorable position regarding an Aiyuk contract. Additionally, the report revealed that the 49ers have offered Aiyuk a long-term deal, which he has not accepted.

Based on the report’s wording, Aiyuk would already be a Steeler if the 49ers were willing to let him go.

49ers Have an Offer to Brandon Aiyuk

This reality has remained constant throughout the Aiyuk process, which began shortly after the Super Bowl when his girlfriend hinted that Aiyuk might have played his final game with the 49ers. San Francisco is closer to a Super Bowl title with Aiyuk than without him.

Teams in different situations might be more willing to trade a player who is unhappy with their contract and wants out. However, the 49ers are one of a few teams that can genuinely feel they’re Super Bowl favorites going into the season. Trading their leading receiver from last year would be a step backward.

When Aiyuk reportedly showed no interest in joining the New England Patriots despite a reported contract offer of $30 million per year or more, the 49ers had to take notice. If it were just about the money, Aiyuk wouldn’t have dismissed the possibility of joining New England. If the situation matters, nobody offers a better situation than the 49ers. And they have offered him a new contract.

Maybe there was a way for the 49ers’ relationship with Aiyuk to be saved, and the 49ers might not be in a huge hurry.

Where Will Aiyuk Play?

If the 49ers don’t trade Aiyuk and also don’t agree to a long-term extension with him, Aiyuk doesn’t have much leverage unless he’s willing to give up his $14.1 million salary for this season. While he’s underpaid compared to every other receiver at his level, at some point, he’d probably have to play for San Francisco this season if the 49ers draw a hard line.

The Steelers are hoping the 49ers give in. Pittsburgh is thin at receiver. Adding Aiyuk, who had 1,342 yards last season, would fix that issue. He’s just 26 years old, so he’s a long-term option as well.

It’s reportedly all on the 49ers at this point. Their chances of winning a Super Bowl this season will be significantly affected by the outcome.