With Nelson being able to play in line or spread out, he kinda makes Reed a luxury. Actually, I really would prefer seeing Steve Johnson get the playing time as the slot receiver - he played extremely well last year when he finally got his chances and he is a great blocker. At 6'2" he is the future in that spot so we'd be way better off giving him the reps and getting something in return for Josh Reed before he becomes a FA again. James Hardy could backup both Evans & Owens.
I am certain that we could get something for Josh and now that we have a 6'5" speedy TE that can block in-line as well as line up wide, it really makes a lot of sense.