Colts indicate their current intentions to keep QB Anthony Richardson Sr.

FOXBOROUGH, MASSACHUSETTS - AUGUST 13: Indianapolis Colts backup quarterback Anthony Richardson Sr., #5, was seen during a game against the New England Patriots on August 13, 2026 at Gillette Stadium. (Photo by Jaiden Tripi/Getty Images) According to the team's assistant general manager, Ed Dodds, the Colts are currently planning to retain Richardson Sr., as part of their strategy to keep three quarterbacks on the roster and avoid weakening their existing team (via The Athletic's James Boyd).

The Indianapolis Colts reportedly did not trade for Richardson Sr., who had requested a trade earlier in the offseason. Had the Colts received meaningful trade value in a potential swap for Richardson Sr., he would likely be with his new team right now. However, such a trade has not materialized, and with most teams already having their backup quarterbacks set, the likelihood of a significant quarterback injury occurring remains relatively low.

Colts general manager Chris Ballard had previously stated the team wouldn't be giving away Richardson Sr., as he believed the player had value and upside. Jones, the team's starting quarterback, is recovering from a late-season Achilles injury and hasn't been an NFL "ironman" like his previous experience with the New York Giants would suggest.

In contrast, Richardson Sr. showed improvement during the 2026 preseason debut, completing 11 of 14 pass attempts for 145 passing yards, an interception (which should have been caught), and rushing for 53 yards and a touchdown on 6 carries against the Patriots. However, his dynamic rushing ability does not seem to be as prominent in the team's training sessions.

Riley Leonard, in his second year of the NFL, had a challenging preseason performance in his sole relief appearance, and with limited experience, may benefit from additional preparation before being designated as the Colts' primary backup quarterback. Richardson Sr. is entering the final year of his rookie contract, seeking a new opportunity, but if the Colts cannot secure a favorable trade deal, it appears logical to retain him for the remainder of the 2026 season as the secondary quarterback.

As Richardson Sr. makes the transition away from the Indianapolis Colts, it remains uncertain when his next opportunity may arise, and one wonders if there is still time to alter the trajectory of his career in Indianapolis.