So you're wanting a stud TE? I could see you offering a solid 2-for-1 by trying either QB/TE, RB/TE, or even WR/TE. Something like Edwards/Davis, Rice/Miller, Hester/Davis for one of the big name TEs. Look at your opponents' rosters. If there is an owner with a stud TE but weak in one of those 3 spots you might see if he'll bite.
I wouldn't offer Edwards though unless there is a solid backup QB on waivers. I think your best bet is to offer a WR and try to get Morgan (or someone else like Bess/Crayton) after you deal. It's usually easier to find WRs later in the year off waivers.
There might even be some promising RBs in FA, like Coffee or F Jones. If so you might lean toward the RB/TE deal.
You might get the owner to throw in a kicker, but I wouldn't worry about that too much if it's a deal breaker. There are bound to be some kickers in FA you can pick up.
Good luck, and please see mine:viewtopic.php?t=441259