But on Wednesday, the Colts were awarded Chad Muma as a waiver claim after the three-year linebacker had been let go by the Jacksonville Jaguars on Tuesday. To create a spot on the 53, Indianapolis waived Smith. The Colts have re-signed Smith for their practice squad after he cleared waivers.

WR Coleman Owen: Undrafted out of Ohio, Owen led the Colts with 13 catches for 124 yards and a touchdown in the preseason, all while averaging 10.5 yards per return on punts. Owen is a likely practice squad target if he doesn't get picked up on waivers.

Next up for the Colts--and again, the rest of the NFL--is GM Chris Ballard will take a look at the waiver wire for any potential additions and decide whether or not to make a claim. One position in particular to watch is linebacker.

The Indianapolis Colts' initial 53-man roster is set. As always, things mostly play out as expected. While the focus over the summer is on positional battles, the reality is that there are very few roster spots actually up for grabs.

After Tuesday’s league deadline, the Indianapolis Colts announced their initial 53-man active roster, which could be subject to change with cuts being also made from the NFL’s other 31 clubs: Of course,