Nick Foles joins Indianapolis Colts as a quarterback, reuniting with Frank Reich

Quarterback Nick Foles signed with the Indianapolis Colts on Monday, reuniting him with offensive coordinator Frank Reich, whom he worked with with the Eagles in 2017 when they won the Super Bowl.

The team would not provide financial details, but a source informed ESPN that Foles earned a two-year deal, corroborating an NFL Network story.

In a corresponding move, the Colts released quarterback James Morgan.

According to report, the Eagles expressed interest in reuniting with Foles before he signed with the Colts. The Eagles contemplated Foles after receiving trade interest for Gardner Minshew, but ultimately elected to keep their current quarterback room, which includes Minshew and undrafted free agent Carson Strong behind starter Jalen Hurts, according to the source.

Foles will back up starter Matt Ryan, who the Colts acquired from the Atlanta Falcons in a trade this offseason.

Sam Ehlinger, who was taken in the sixth round of the 2021 draught by Indianapolis, and Jack Coan, who signed with the Colts as an undrafted free agent this offseason, are two more quarterbacks on the depth chart.

Foles was released by the Bears on May 1st, as predicted after Chicago signed free agent quarterback Trevor Siemian to back up Justin Fields.

Foles was acquired by the Bears in a deal with the Jacksonville Jaguars for a fourth-round draught pick two seasons ago. Foles signed a four-year, $88 million contract with the Jaguars in 2019, but he injured his collarbone in the season opener and never regained the starting job from then-rookie Minshew.

After starting seven games in 2020, the Super Bowl LII MVP only made one start last season, guiding the Bears to a 25-24 road triumph over the Seattle Seahawks while throwing for 250 yards and a touchdown pass.

Foles has thrown for 14,003 yards, 82 touchdowns, and 43 interceptions in ten seasons.

He was named to the Pro Bowl with the Philadelphia Eagles in 2013, but his most memorable season came in 2017, when he was called upon to replace an injured Carson Wentz in Week 15 under Reich. Later that season, he led the team to its first Super Bowl victory, completing 72.6 percent of his passes for 971 yards in three games, with six touchdowns and only one interception.