The Chicago Bears have a quite the conundrum on their hands.

Do they spend the No. 1 pick in the 2024 NFL Draft on a new franchise quarterback, or use it to keep building around the one they already have in Justin Fields?

There are multiple replacements to choose from who would be worthy candidates, as USC’s Caleb Williams, North Carolina’s Drake Maye, and LSU’s Jayden Daniels could all make strong cases for the top spot.

If the Bears go that route, they could then trade Fields to another QB-needy team for additional assets, while resetting at quarterback on a new rookie contract instead of having to re-sign Fields to a long-term extension next offseason.

If they opted to keep Fields, they could use the pick on another top prospect to help him (Ohio State wide receiver Marvin Harrison Jr.), or trade down from No. 1 for the second year in a row, likely getting a bigger haul this time around than they did last year.

As we consider that dilemma at the top of the board, here’s an updated look at how the first three rounds of this year’s draft could turn out, using the latest updated pick order following the divisional playoff round.

At this point, it feels like the most likely scenario is the Bears taking Williams here, and finding a trade partner for Fields.

Williams gives them a high-upside franchise quarterback with a freshly reset rookie contract, and in our scenario, they send Fields to the Falcons in return for a second-round pick in this year’s draft, and a conditional second-rounder in 2025.