League sources are saying it’s looking less and less likely that Colts DE Dwight Freeney will be traded.

Reggie Wayne‘s absence from the Colts’ roster didn’t last long, as the receiver agreed to a three-year deal to return to the team on the first day of free agency, a team source told NFL Network’s Albert Breer.

Former Ravens DL Cory Redding will make a free-agent visit to the Colts, according to a league source.

As the Indianapolis Colts continue a complete overhaul of their operations, defensive end Dwight Freeney has emerged as the team’s one remaining asset that could help them in this year’s draft.

Colts defensive end Dwight Freeney has signed with CAA, league sources said Monday.

The Dolphins, Redskins, Seahawks, Broncos and Cardinals have begun pursuing QB Peyton Manning, league sources said Wednesday.

The San Francisco 49ers not looking to get into the Peyton Manning sweepstakes at this time and are instead focused on Alex Smith, according to a team source.

Colts DE Dwight Freeney, who spent 10 years as Peyton Manning’s teammate in Indianapolis, told NFL Network the Colts were caught unprepared last season.

Peyton Manning‘s contract talks with the Indianapolis Colts could extend until Friday, according to league sources with knowledge of the quarterback’s deal with the team.

If Jets fans frustrated with Mark Sanchez were hoping the team would make a play for Peyton Manning — should the Colts release him, that is — well, it doesn’t look like it’s going to happen.

Frustration has built with Saints QB Drew Brees, according to sources with knowledge of the situation, and the team will use its franchise tag on him, short of a rapidly developing long-term deal.

Colts center Jeff Saturday said he could envision QB Peyton Manning playing for another team but also could see him harmoniously co-existing with the projected No. 1 overall draft pick, Stanford’s Andrew Luck.

Colts center Jeff Saturday was emphatic Saturday during NFL Network’s combine coverage that if the team really wants Peyton Manning, it should call the quarterback and schedule a throwing session to check his health.

Colts center Jeff Saturday still regularly communicates with Peyton Manning, and that inside access has led him to believe one thing: The QB definitely will play in 2012 after he recovers from his neck surgeries.

No need to wonder about any draft-day drama if the Colts decided to keep Peyton Manning around for at least another season. Jeff Darlington writes that Stanford QB Andrew Luck would be plenty willing to back up Manning if put in that situation.