ESPN’s Adam Schefter reports the Colts have told teams they’ve received an offer of a fourth-round pick for WR Josh Downs.

07 November 2026

The Colts’ original asking price for Downs, who has requested a trade, was a third-round pick. Indianapolis has told teams they already have an offer of a fourth-round pick for the 25-year-old receiver, who is in the last year of his rookie contract. Downs is probably one of the more likelier players to be traded ahead of the deadline. Teams have also called the Colts about Keenan Allen, though he’s unlikely to bring back a similar trade return given his age.