The other two quarterbacks who saw action for Minnesota last season have already found new homes - Sam Bradford with the Arizona Cardinals and Teddy Bridgewater with the New York Jets.
With Minnesota, Siemian is expected to be a backup for recently acquired Kirk Cousins.
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Once free agency started, the Broncos went looking for a new quarterback.
Paxton Lynch, a first-round draft pick in 2016, has started two games each of the past two seasons for Denver and is the Broncos' backup quarterback at the moment.
Many thought, just like Minnesota, Denver would go hard after the signature of Cousins, but instead, they signed Keenum before Cousins had completed his own deal with the Vikings.
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Siemian was a seventh-round selection by the Broncos.
Siemian said he's on track with his shoulder rehabilitation from the procedure, about 11 weeks into the process.
Siemian is a Florida native who played collegiately at Northwestern.
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He struggled at times and hurt his shoulder, which he had surgery on nearly three months ago. Although Siemian isn't allowed yet by National Football League rules to receive a playbook, he was able to get an overview of the offense. "I want to win a bunch of games here and continue the roll this organization has been on recently".