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Nick Foles, Colts Reportedly Agree to Contract; Will Serve as Matt Ryan's Backup

The Indianapolis Colts reportedly agreed to terms on a two-year contract with quarterback Nick Foles Monday according to Mike Garafolo of NFL Network.

Following the conclusion of the 2022 NFL draft, the Chicago Bears announced they had released Foles. ESPN's Courtney Cronin reported the move came after Chicago was unable to find a deal to trade the veteran signal-caller.

Many expected Foles to be on a different team when the 2022 season kicked off.

After the Bears signed Andy Dalton and selected Justin Fields in the first round of the 2021 draft, the 33-year-old had fallen to third in the depth chart.