Per ESPN's Len Pasquarelli.
When the trade is completed, Atlanta and Houston will flip-flop first-round picks in April's draft, and Atlanta will receive Houston's second-round picks in 2007 and 2008. The deal likely will be completed later Wednesday afternoon. Houston has the No. 8 pick in the first round of the draft, while Atlanta is slotted 10th.
Sources told ESPN.com that the trade is contingent upon the Texans reaching agreement with Schaub on a contract, and negotiations have already begun.
One of the strong candidates to replace Schaub as the backup to Vick, ESPN.com has learned, is Anthony Wright, who played with the Cincinnati Bengals in 2006.
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