Indianapolis Colts Active in Free Agency, Extend Alec Pierce and Trade for Steelers’ Michael Pittman Jr.

As expected, the Indianapolis Colts have been active in addressing key needs early in the NFL free agency period. The team has secured a significant contract extension for wide receiver Alec Pierce and acquired wide receiver Michael Pittman Jr. Via trade with the Pittsburgh Steelers, setting the stage for a competitive training camp battle.

Alec Pierce Signs Four-Year, $114 Million Extension

The Colts have re-signed wide receiver Alec Pierce to a four-year contract worth $114 million, according to reports from NFL.com and Colts.com. Pierce, drafted by the Colts in the second round of the 2022 NFL Draft, has developed into one of the league’s top downfield receiving threats.

Colts officials have consistently stated Pierce was a “priority” for the team, recognizing his unique skillset in today’s NFL. His ability to excel on vertical routes is increasingly valuable. Colts.com

Colts Acquire Michael Pittman Jr. From Steelers

In a separate move, the Colts traded for wide receiver Michael Pittman Jr. From the Pittsburgh Steelers. Pittman Jr. Subsequently signed a three-year, $59 million extension with the Colts, as reported by NFL.com.

Other Colts Free Agency Moves

The Colts were awarded two seventh-round compensatory picks in the 2026 NFL Draft, bringing their total selections to seven, according to Colts.com. The team also re-signed kicker Blake Grupe.

Looking Ahead

These moves signal a clear intent by the Colts to bolster their receiving corps and provide quarterback Anthony Richardson with more offensive weapons. The competition at wide receiver and kicker will be key storylines to watch during training camp as the Colts prepare for the 2026 season.