According to Ralph Vacciano of the NY Daily News (via The Giants Insider) the Browns at least entertained the notion of trading Edwards to the Giants — but the two teams could not come together on the Browns’ compensation.
TGI states that the Giants offered two draft picks (a 2nd and a 5th) for Edwards, but the Browns wanted those picks and Steve Smith. The Giants refused, and the Browns let the talks die.
If this is true, consider the following. The Eagles have two first round picks. The Eagles have three 5th round picks. The Eagles have Jason Avant, who we could easily argue is the same receiver Steve Smith is (and did you read what Andy Reid said about him being “basically unstoppable” last week? Talking him up for a trade, Andy?).
[Updated]: Fixed the error with draft picks. Thanks, guys.