Schaub struggled last season and lost his starting job.
The Texans signed quarterback Ryan Fitzpatrick to a two-year, $7.5 million contract Thursday.
Fitzpatrick is expected to mentor a rookie quarterback as the Texans hold the top overall pick and may draft a quarterback as their new franchise quarterback.
Schaub's contract would likely need to be reworked.
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This story originally appeared on Nationalfootballpost.com
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