Who emerges as the No. 2 running back? On the early downs, Trey Sermon probably needs to be viewed as the favorite there, although a hamstring injury in the preseason opener opened the door for some valuable practice reps to the likes of Evan Hull and Tyler Goodson. The overall running back depth chart remains very much “in pencil” with Jonathan Taylor the obvious bellcow.

There aren't a lot of household names behind Taylor. Even though Hull was a rookie last year who missed most of the season, it looks like Sermon could open up as the backup to Taylor. Given Taylor has had his share of injuries over his career, targeting his handcuff late in drafts may be a good idea.

Indianapolis could still make a move. However, for now, it appears the team is content with former third-round pick Trey Sermon stepping in as the second-stringer. Evan Hull appeared in just one game last year as a rookie due to a torn left MCL, but he was a good pass catcher coming out of Northwestern and will have a shot to supplant Tyler Goodson in that role with the Colts if he has a big summer.

We've been down this road before. Sermon earned 41 carries in his rookie season with the 49ers, before heading to the Eagles to notch exactly two more. He got the nod for a majority role last season in Week 15 and performed well, turning 17 attempts into 88 yards. We wouldn't suggest making any moves in redraft or best ball leagues for now, but a deep dynasty stash would make sense.

We have signed G Arlington Hambright to the 53-man roster from the practice squad, signed RB Trey Sermon to the practice squad, and waived T Ryan Hayes.

Related players: Zack Moss, Deon Jackson, Evan Hull

Sermon was on the Eagles last year and saw plenty of action this summer in preseason games before eventually getting cut. The Colts rode Moss last week as their RB1 as he collected 22 touches and a touchdown. But the team is likely looking for some depth at the position. Jackson didn't have a touch in Week 2 with the return of Moss and Hull remains on IR.

Rookie RB Evan Hull on IR with knee injury. RB Jake Funk added to active roster from PS.

Related players: Deon Jackson, Zack Moss

It's another blow to a struggling Colt running game that didn't get much of a chance to see what Hull could do before he got hurt in Week 1. Jackson wasn't great but could be in line for at least a lot of snaps in Week 2. We've seen reports that Moss could also return this week from an arm injury.

The Colts could get veteran Zack Moss back for next week’s game against the Houston Texans. He’s coming off a broken arm suffered in training camp and returned to practice last week.

Related players: Jake Funk, Deon Jackson, Evan Hull

The story was mainly about the struggles of the Indy running game in Week 1. Jackson fumbled twice in the game and Hull was injured early. Moss was the team's RB1 to close out last season. Hull showed promise in camp, but is going to miss some time according to the story. So a Moss return could mean he slides right back into the RB1 spot for Week 2, and it's something to monitor this week. The team could also bring in another back, and the story mentioned Kareem Hunt.

RB Evan Hull "could miss some time" with knee injury, Steichen said, per FOX59's Mike Chappell.

Related players: Deon Jackson, Zack Moss, Jake Funk

Not good timing for the Colts who put Jonathan Taylor on IR and lost Moss to an arm injury this summer. That now leaves Jackson as the team's main back, pending an update on Moss sometime this week. The Colt RBs weren't really a factor in Week 1, outside of QB Anthony Richardson. Jackson did have five catches for 14 yards but outside of that carried 13 times for just 14 yards. The Colts have a winnable game in Week 2 at Houston so Jackson will likely have some fantasy value when our rankings come out later this week.

Zack Moss has returned to practice after breaking his arm early in training camp and he will join Deon Jackson and Evan Hull as options in the backfield against Jacksonville this weekend. On Monday, Colts head coach Shane Steichen suggested that all three backs will get chances to show their skills and that the team will make choices about how to divvy up playing time based on how they perform.

“I think it’s running back-by-committee,” Steichen said, via Joel A. Erickson of the Indianapolis Star. “Whoever’s got the hot hand, let ‘em ride a little bit.”

Related players: James Robinson, Jonathan Taylor

This isn't shocking news, but still disappointing for fantasy purposes. Last year, the Colts gave the RB1 role to Moss to close out the season, and he preformed well to the surprise of many. But with a new coaching staff in place, Moss may not get the same chances he did last season. Jackson has preformed well at times when filling in for Taylor, but Hull is a rookie drafted by the current coaching staff. The team was also expected to host free agent Robinson, who was cut by the Patriots earlier this offseason.

The Miami Dolphins weren't the only team interested in acquiring Jonathan Taylor from the Indianapolis Colts. The Green Bay Packers were also in talks with the Colts and had legitimate interest in trading for the star running back. Indianapolis moved forward after its self-imposed deadline of Tuesday at 4 p.m. ET came and went without receiving what the team deemed an acceptable offer for Taylor, who requested a trade last month and was authorized by the Colts last week to seek out a trade partner.

Related Players: Aaron Jones, A.J. Dillon, Evan Hull, Zack Moss

This saga is far from over, as Taylor is still eligible to be traded despite remaining on the PUP list. The running back will miss at least the first four games of the regular season, regardless of who holds his contract. Taylor heading to Green Bay would be near-catastrophic for fantasy purposes, as we're already dealing with a split that chews into both Jones' and Dillon's fantasy value.

The Dolphins would be easier to stomach for those of us who have been draft best ball teams all Summer, as all of their RB options have been going deep in the double-digit rounds.

No deal: Indianapolis did not find what it felt was a fair-value offer for Jonathan Taylor and it is not trading its All-Pro running back today, league sources tell ESPN.

Related players: Zack Moss, Evan Hull, Deon Jackson

Schefter went on to say with no trade materializing today, Taylor now is expected to remain on the Physically Unable to Perform List, making him ineligible to play the first four games of the season. Taylor now is expected to miss games vs. the Jaguars, at Houston, at Baltimore and vs. the Rams. We recently reported that if Moss is ready to go, he would likely be the team's RB1 with Hull and Jackson also involved. Moss is dealing with a broken arm so it remains to be seen if he'll get cleared for Week 1. Especially in deeper leagues, any of these three backs are worth adding to your roster if you see them on the wire. The Colts could still move Taylor when he's eligible to return in Week 5.

Jonathan Taylor update: Talks continue and, as expected, this will go down to the wire.

Related players: Zack Moss, Evan Hull, Deon Jackson

The Dolphins have been heavily linked to Taylor and according to reports, have already made an offer that was declined. Holder added he believes there to be a second team involved beyond the Dolphins, which would certainly change the dynamics. It remains to be seen what would happen if the Colts don't get a deal done and Taylor remains in Indy to start the season.