The teams announced the trade Sunday and said the deal is pending physicals.
Quinn's departure comes one day after the Browns agreed to terms with free agent Jake Delhomme on a two-year contract.
Quinn went 3-9 in 12 starts for Cleveland, which drafted him in the first round of the 2007 draft.
"I appreciate everything Brady did for us last year and in his three seasons with the Cleveland Browns," coach Eric Mangini said in a statement. "He is professional in the way he goes about doing his job and worked extremely hard at every aspect of his game. I wish him the best of success in Denver."
Quinn won Cleveland's starting job last season, but was benched after 2 1/2 games for Derek Anderson. Quinn eventually got his job back when Anderson struggled but the former Notre Dame star was hindered by inaccuracy and never developed into the player the Browns had hoped.
His days in Cleveland appeared numbered when new president Mike Holmgren failed to endorse Quinn as the Browns' future starter. Last week, the Browns acquired backup Seneca Wallace in a trade with Seattle, released Anderson and hosted Delhomme, recently cut by Carolina.
The Broncos reportedly pursued Quinn last season when they were trying to replace Jay Cutler.
In a second deal, the Browns traded Kameriron Wimbley to the Oakland Raiders.
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