The San Francisco 49ers were reportedly in on the top wide receiver on the market, but they were outbid for his services.

The legal tampering period of free agency starts today, which means deals will be announced but not finalized until Wednesday. With that in mind, let's separate the reality from the fiction when it comes to the lates 49ers rumors.

The best receiver in free agency is already off the board, sending several contenders scrambling.

The San Francisco 49ers will have roughly $41 million in cap space to spend this offseason, per Over the Cap. Although head coach Kyle Shanahan and his staff overcame injuries, there is still a talent shortage in some positions, such as wide receiver.

Live tracking all of the news and rumors for the San Francisco 49ers as the teams can begin agreeing to deals on Monday.

The San Francisco 49ers reportedly have their eyes on two wide receivers to potentially sign next week when free agency begins.

The 49ers had reported interest in Alec Pierce, and he would have been a blessing. But the Colts ultimately prevented anything from happening.