That news came last night from Rich Cimini of ESPN New York that Jets owner Woody Johnson is open to shopping his top cornerback on the market.
Revis missed most of the 2012 season after tearing his ACL in a game against the Miami Dolphins and needed surgery on the knee.
He's also due $6 million in the final year of his contract for 2013, and because the Jets don't feel like they can re-sign Revis, the Jets are now looking to explore a trade.
So, where do the Giants fit into all of this?
Well, no team is in more need of secondary help than they are, especially after all the injuries and terrible play from that unit in 2012.
Terrell Thomas went down in the summer with a season-ending knee injury, Prince Amukamara and Jayron Hosley are still in development stages, and Corey Webster has an awful season.
And, Webster is in the final year of his contract. He's due $7 million and could be a candidate to be cut if he doesn't restructure.
So with the Giants in need of secondary help, would Giants GM Jerry Reese dare try to put the Giants name into the hat and look into a trade for perhaps the NFL's best cornerback?
If, in fact, the Jets are willing to trade Revis, what would they be looking for in a return package?
A first-round pick? Two first-round picks? A pick and a player? Two first-round picks and a second-round pick?
The Jets have so many needs on their team, the draft pick and an NFL-ready player isn't too far-fetched of a proposal that they can ask from potential suitors.
If the Giants wanted to make a change to their defense and improve the secondary, Revis would definitely be the addition to make.
But, would Reese be willing to part with draft picks in order to land him?
Given how Reese values draft picks and builds his teams around them, my instincts say no, he wouldn't be willing to trade a high draft pick, much less multiple draft picks in order to land Revis from the Jets.
If the Giants really wanted to get Revis, they could always just wait until he becomes a free agent after the 2013 season and try to entice him to stay in the same city and building he's always played in, but for the other side.
One thing that concerns me about Revis is that he has gone public to hold out of training camp so he can get a new contract; something that the Giants and Reese are not thrilled with when players attempt (Osi Umenyiora.)
But, Revis is such a game-changing corner who shuts down teams' top wide receivers, a characteristic that has earned him the nickname "Revis Island."
The risk could certainly be worth the reward with how elite of a corner he truly is.
It'll be interesting to see where the Jets go from here regarding Revis and if head coach Rex Ryan fights to keep his star defensive player, or if his owner decides to rebuild completely with a trade.
But if in fact Revis is on the block and they have no choice but to trade him, you wonder if the Giants would be willing to get involved with the Jets in trade talks.