Colts RB Jonathan Taylor (ankle) returned to a limited practice on Thursday. We'll see how that ankle responds and what he's able to do on Friday. RB Nyheim Hines (concussion) remained limited on Thursday.

Colts RB Jonathan Taylor (ankle) is "planning to be ready to play as early as Week 5," ESPN's Adam Schefter reports. That's when Taylor is first eligible to come off the PUP list. Taylor is "going to pass his physical and could pass it today," Schefter adds. We'll see whether Taylor is still on Indianapolis' roster come Week 5. The passed physical could make it more likely he's traded, although it sounds like the Colts have been asking for too much in return.

Discussing the decision to put RB Jonathan Taylor on the PUP list, Colts GM Chris Ballard said that Taylor is still "complaining of pain in the ankle." Taylor underwent surgery way back in January. It's impossible to know whether that ankle is actually still giving him trouble, or if it's just being used as an excuse to keep him off the field amid the contract squabble. Regardless, we know that Taylor will miss at least the first four games of the 2023 campaign. We're guessing that the ankle issue will be behind him by Week 5.

Colts RB Jonathan Taylor (ankle) will remain on the PUP list, knocking him out for the first four games of the season, ESPN's Adam Schefter reports. Taylor would be forced to stay on the PUP list even if he's traded. At least two teams have made trade offers for Taylor, but no deal has materialized yet. Keeping Taylor on the PUP list undoubtedly hurts his trade value, making it a curious move by the Colts. We'll continue to keep a close eye on this situation, but Taylor's 2023 fantasy value obviously takes a significant hit with this news. The Colts are now set to enter the season with RBs Zack Moss (who's still working back from a broken arm), Evan Hull, and Deon Jackson. See how the Taylor news has altered the RB rankings.

On Monday, CBS Sports' Josina Anderson tweeted that "at least two teams are still actively working to construct" a deal to acquire Colts RB Jonathan Taylor. Various reports have confirmed one of the teams in on Taylor is the Dolphins, while the other is unknown. Anderson also adds these teams are "willing to give Taylor a market contract," a notable piece of information given the clash he and Colts owner Jim Irsay had earlier this month surrounding a lack of a long-term deal. ESPN's Stephen Holder reported last week that the team has given Taylor until this Tuesday to find a trade partner, so we'll know soon how this situation resolves. Stay tuned for further updates.

The Dolphins are one of two teams that have made a trade offer for Colts RB Jonathan Taylor, according to The Miami Herald's Barry Jackson. The Dolphins' offer was not accepted, obviously, but the team continues to engage in talks with Indianapolis, per Jackson. We'll see where this goes. Miami would be an excellent landing spot for Taylor's fantasy value -- and crush RBs Jeff Wilson and Raheem Mostert.