|The Giants have no plans of letting receiver Hakeem Nicks catch passes for another team. (US Presswire)|
Cruz, 26, enters free agency off two seasons in which he's averaged 84 catches, 1,314 yards and 9.5 touchdowns.
Nicks, 25, has one year left on his rookie deal. Knee and foot injuries limited him to 13 games in 2012, as he finished with 53 catches for 692 yards and three scores.
Schefter reports the Giants are putting a bigger emphasis on signing Nicks to a long-term deal because they view him as a legitimate No. 1 receiver.
In 2010 and 2011, Nicks averaged 77.5 grabs, 1,122 yards and nine touchdown catches.
|The home of the Super Bowl|
Team co-owner John Mara was asked Friday about negotiations with Cruz's agent.
"We certainly want him back, but like with any player, there's a limit to where we're going to go," Mara said. "He's been a terrific player for us, he's a fan favorite, he does a lot for our franchise, but there is a limit."
For more NFL news, rumors and analysis, follow @EyeOnNFL on Twitter, subscribe to our RSS Feed, watch Pro Football 360 daily at 3 ET and NFL newsletter. You can also follow Larry Hartstein @LarryHartstein.