As of now, NBC Sports is reporting that there have been no talks of a contract extension between the Chiefs and newly-acquired quarterback Alex Smith.
The Chiefs traded for Smith earlier today, as multiple reports have indicated.
Last season, the 49ers extended Smith with a three-year, $24 million deal, so he has two more years under contract with the Chiefs.
The trade will not be made official until March 12, when the dealing period begins.
Smith was the No. 1 overall pick in 2005 by the 49ers, but struggled mightily in his first couple seasons.
That all changed in 2011, when the 49ers brought in Jim Harbaugh as head coach. Smith flourished under Harbaugh, putting up career numbers and leading the 49ers to the NFC Championship game where they fell to the Giants.
He was their starting quarterback in 2012 until he suffered a concussion in Week 11, allowing Colin Kaepernick to take over and excel. Kaepernick led the 49ers all the way to the Super Bowl, while Smith watched from the sidelines.