According to multiple sources throughout the league, he is actively looking to trade out of the 3rd overall pick with the hopes of acquiring a mid to late first round or picks throughout the second round as compensation.
The likelihood that he'll be able to trade out of the 3rd pick, however, is slim, meaning that running back Larry Johnson, guard Brian Waters and the rest of the Chiefs' 2009 picks could be up for auction.
Don't be surprised if Pioli even turns around the 2010 2nd round selection he received from the Falcons to get back into the 2nd round this year. The Chiefs, of course, previously gave up their 2nd round pick, the 34th overall for quarterback Matt Cassel.
As it stands now, the Chiefs have two picks in the first three rounds: the 3rd and 67th.
I have a feeling that somehow Pioli will manage to get another pick between these two by Saturday afternoon...