The Colts, as in previous years under General Manager Chris Ballard, are seemingly very well prepared. The Colts have some roster needs but not as many as they had before free agency. During the free agency period, the Colts signed a couple of veteran free agents to 1-year deals at positions of need whilst also managing to re-sign most of their own free agents too. While the team was relatively quiet in signing free agents, they certainly were not when making a trade. Chris Ballard made a huge blockbuster trade when he sent the Colts third-round pick in the 2021 NFL Draft and a conditional second-round pick in the 2022 NFL Draft to the Philadelphia Eagles for quarterback Carson Wentz. This huge trade knocks the Colts out of round 3 of the draft but adds a massively talented potentially elite-level quarterback which the Colts have needed for years since Andrew Luck retired. The Colts now have six draft picks remaining, one first-round pick, one second-round pick, one fourth, one fifth, one sixth and one seventh-round pick.