NFL Network’s Tom Pelissero reports the Colts and Daniel Jones have been in discussions to sign a multi-year deal.

23 February 2026

We last heard that the two sides planned to speak soon. Now, as we prepare for combine week in Indianapolis, Pelissero reports the two sides have begun discussions and that a multi-year deal is on the table. There’s mutual interest on both sides to get a deal done, but Pelissero said any hold up in a deal will likely center around a number that “makes sense” for a multi-year deal. Jones suffered a leg injury late in the season that was followed by a torn Achilles in Week 14. Prior to going down, Jones was playing some of the best ball of his career, throwing for 3101-19-8 while completing 68.0 percent of his passes. If they are unable to reach a deal before the franchise tag deadline, it’s possible the Colts will tag Jones to buy themselves more time to get a deal in place.