When Matt Ryan played for the Falcons, the team’s quarterback situation was never in question. But his first year as the franchise’s president of football is unfolding under far different circumstances.

Michael Penix Jr.’s ongoing recovery from an ACL injury has introduced uncertainty about his timeline to return, while Tua Tagovailoa’s arrival in Atlanta—after being benched by the Dolphins during the 2026 season—has raised concerns about the team’s ability to field a reliable starter from day one.

Speaking on 680 The Fan on Monday, Ryan acknowledged the unpredictability surrounding Penix’s status heading into training camp. “You just don’t know where Michael’s going to be,” Ryan said. He also emphasized the progress both quarterbacks have made in their preparation.

“I never went through an ACL [recovery], but there’s certain milestones that you’ve got to hit,” Ryan explained. “The closer you get, the more variability there is because the intensity and the speed picks up. Mike’s in a good spot right now.”

When asked about expectations for training camp, Ryan admitted the team is entering uncharted territory. “As far as expectations, we don’t really know what to expect at the beginning of training camp,” he said. “But I think with the way both of those guys are working and the conversations we’ve had with both of them—I believe quarterbacks should be the most competitive people on your team. Whether that’s first, second or third, there’s a way to go out there and compete and win the day. … I think the way both those guys have started the offseason will put us in a good spot.”

“I never went through an ACL, but there’s certain milestones that you’ve got to hit, and the closer you get, the more variability there is because the intensity and the speed picks up.”

While optimism is expected from a team executive at this stage, Ryan’s remarks suggest the Falcons’ quarterback competition will be one of the most closely watched storylines of the summer. The on-field work in training camp will determine whether his confidence is justified—or merely hopeful.