Updated March 4, 2026, 5:25 p.m. ET

With NFL free agency on the horizon, let’s begin tracking the early rumors and reports surrounding the Indianapolis Colts.

On Monday, March 9th, at 12:00 PM ET, the NFL’s legal tampering window opens. At this point, free agents can begin negotiating deals with new teams.

Then on March 11th, at 4:00 PM ET, free agency officially opens, and any agreed-upon deals over the previous two days become official at that time.

Before free agency arrives, however, the Colts have some work to do with the salary cap. After using the transition tag on Daniel Jones, Indianapolis is now over the salary cap. Chris Ballard will have to create some operating room in the coming days.

As of now, here are the latest reports and rumors surrounding the Colts. We will update this article as new info comes in.

Expert NFL picks: Exclusive betting insights only at USA TODAY. Patriots “eyeing” Alec Pierce in free agency

According to Jordan Schultz, the Patriots are prepared to spend big at wide receiver in free agency and have been “eyeing” Pierce.

Alec Pierce weighs in on his pending free agency

Appearing on the ‘Up & Adams’ Show, Pierce discussed becoming a free agent. For more, you can find that here.

“I love Indy,” Pierce said. “I’ve loved playing there. Great organization. Great people in the city. Just a ton of support. I know we haven’t been as good as we could be and I know we can be. But now, at this point, I’ve kind of earned the right to explore free agency. See what’s out there and make a decision that’s best for my career and my family.”

Latest update on Alec Pierce

With Jones being tagged, Pierce is currently set to hit the open market, unless he and the Colts can agree to a new deal before Monday. On Tuesday evening, Ian Rapoport had this to say:

“The Colts have made a big offer to Alec Pierce,” Rapoport said. “They’re going to try to get that one done, but he’s got like five days until free agency. Hard to imagine that Alec Pierce agrees to a deal now when he’s able to talk to anyone in the NFL in just a couple days.”

For more from Rapoport, you can find that here.

Vikings watching Colts, Daniel Jones situation

Under the transition tag, Jones can still negotiate with otehr teams, although the Colts will have the opportunity to match any offer. One team “closely monitoring” this situation is the Vikings, according to CBS Sports Jonathan Jones.

Kwity Paye’s market

Coming out of the NFL combine, ESPN’s Jeremy Fowler named Kwity Paye one of this “top sleeper free agents” after speaking with NFL execs.

“He could be the fourth rusher on the market behind Trey Hendrickson, Jaelan Phillips and Odafe Oweh,” wrote Fowler. “He has 30.5 sacks over 74 starts.”