Quarterback Philip Rivers has agreed to a one-year deal with the Colts worth $25 million, according to ESPN's Adam Schefter.
Rivers, 38, played the first 16 years of his career with the Chargers, but the team publicly announced in mid February that both parties were moving on from each other.
"As we talked through various scenarios, it became apparent that it would be best for Philip and the Chargers to turn the page on what has truly been a remarkable run," GM Tom Telesco said.
In the team's statement, Rivers said he was appreciative of his time with the club.