NFL Network’s Ian Rapoport reports the Colts want a third-round pick for Josh Downs.

01 November 2026

The Colts are already the league’s biggest sellers ahead of the trade deadline and they’re not done yet. While they get plenty of interest in Downs, a third-round pick might be too much to ask after his slow start to the year. Downs has 26 catches for 307 yards as we approach the midway point of the season. Downs is also set to become a free agent in the spring, meaning that he might play only a handful of games for his new team. On the other hand, his disappointing season can largely be written off as the product of a failing offense. Fantasy managers should at least hold onto Downs until the trade deadline, even if he’s barely a WR3 as things stand right now.