Sources: Colts don't trade Jonathan Taylor; RB to remain on PUP - ESPN

The Indianapolis Colts did not find what they felt was a fair value offer for running back Jonathan Taylor and are not trading their All-Pro running back Tuesday, league sources told ESPN.

With no trade materializing Tuesday, Taylor will remain on the physically unable to perform list, making him ineligible to play in at least the first four games of the season.

Taylor will miss games against the Jacksonville Jaguars, at the Houston Texans and Baltimore Ravens and against the Los Angeles Rams.

The Colts' next best opportunity to deal Taylor could be before the NFL's Oct. 31 trade deadline.

If there's no deal by then, the Colts could use the franchise tag on Taylor and try to trade him again next offseason.

The Colts last week granted Taylor and his representatives permission to engage with other teams in an effort to find a trade partner, an atypical approach to shopping a player. The team issued a deadline of 4 p.m. Tuesday for a deal to come together, a timeline that lined up with the NFL's deadline requiring teams to trim rosters from 90 to 53 players.

It also was a deadline for the Colts to make a determination on Taylor's roster status, as he had been relegated to the active/physically unable to perform list until now. Taylor has not practiced or played in the preseason, having been sidelined since undergoing ankle surgery.

Taylor's standoff with Indianapolis hearkens back to the team's decision in May to not offer Taylor a contract extension as he enters the final year of his rookie deal. Taylor led the NFL in rushing in 2021 with more than 1,800 yards before struggling with multiple setbacks with his ankle last season. After seeing teammates like Shaquille Leonard and Quenton Nelson receive extensions with a full