The Ringer’s Tom Pelissero reports that the Colts informed Daniel Jones that they are not trading him by Tuesday’s deadline.

Jones successfully returned from last year’s season-ending Achilles tendon rupture, but his play has been negatively impacted by it. With two young quarterbacks on the roster, it would seemingly make sense to trade Jones to get an extended look at either Riley Leonard and/or Anthony Richardson. Apparently, the Colts disagree. We have no way of knowing whether Pelissero’s report is a hardball negotiation tactic by the Colts’ front office, but we will have an answer to that question in the next couple of days.