Indianapolis Colts

Indianapolis Colts running back Trey Sermon seems to be enjoying a strong start to training camp. According to Joel Erickson of the Indy Star, the fourth-year back looks like the frontrunner to be Jonathan Taylor's backup. So far in Sermon's career, he hasn't seen more than 41 attempts on the ground in a season. He appeared in 14 games for the Colts last season and posted 160 yards on 35 carries with three receptions for 13 yards through the air. Sermon isn't a viable option in most fantasy leagues right now because it's unclear how much work he'll receive. If he continues to impress in training camp, however, he will be primed to get the most work he's seen in his young career.

Indianapolis Colts wide receiver Josh Downs has looked good during training camp, with JJ Stankevitz of the team's website reporting that the wideout has received plenty of looks from quarterback Anthony Richardson. The 22-year-old had a decent rookie season, finishing with 68 catches for 771 yards and two touchdowns. He also ranked first on the team in missed tackles forced and yards after catch. With that in mind, Michael Pittman Jr. is the team's No. 1 wideout. However, Downs can climb the depth chart if he continues to build chemistry with Richardson heading into Week 1, making him an ideal late-round draft choice for fantasy managers looking to roll the dice.

Indianapolis Colts wide receiver Alec Pierce saw his fantasy stock drop after the team selected former Texas wide receiver Adonai Mitchell in the second round of the 2024 NFL Draft. However, Mitchell has struggled early in training camp, and Pierce remains ahead of him on the depth chart. As it stands now," James Boyd of The Athletic wrote. "Pierce remains firmly in place as the Colts' third starting receiver." Pierce, a second-round pick out of Cincinnati in 2022, has racked up 73 receptions for 1,107 yards and four touchdowns in his first 33 NFL games. Given the quarterback situation for the Colts since he joined the team, it hasn't been a horrible start, but the franchise likely hopes Mitchell will eventually surpass him in the offense. As the potential No. 3 target in Indianapolis, Pierce has limited fantasy upside and should be considered a late-round best ball flier.

Indianapolis Colts wide receiver Adonai Mitchell is struggling to make an impact early in his first NFL training camp, according to James Boyd of the Athletic. "Mitchell has not been the same playmaker he was during the spring when the rookie seemingly made a noteworthy catch every practice." Boyd wrote. "But the second-round pick has been relatively quiet throughout team periods, especially when he's been with the first unit. As it stands now, however, [Alec] Pierce remains firmly in place as the Colts' third starting receiver." While this isn't a promising report, it often takes time for rookie wideouts to transition to the pro game, so it's too early to overreact. That said, the speedster out of Texas will likely have limited fantasy upside in Year 1 while competing for targets with Michael Pittman Jr., Josh Downs, and Pierce in a potential low-volume passing offense led by quarterback Anthony Richardson and running back Jonathan Taylor.

Indianapolis Colts tight end Kylen Granson has reportedly been impressive early on in camp. It looks like the Colts are having an open tryout for starting tight end with no real standalone star in the picture. At the moment, Granson has appeared to take an early lead in the running for starter, but there's still plenty of time left in camp. Mo Alie-Cox and Jelani Woods are also candidates, but they appear to offer a little less upside. Over the last two seasons, Granson has hauled in 30-plus receptions and 300 or more receiving yards in both campaigns. His fantasy value is going to be dependent on how the Colts decide to use the tight end position next season.