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Richardson and Riley Leonard will both play, while Daniel Jones will sit. Richardson’s trade request this offseason has gone nowhere, but the Colts appear to be giving him ample opportunity to showcase himself in the preseason as he will get the first half here and the second half next week against Atlanta, while Leonard picks up the other two halves. The Colts are likely hoping someone talks themselves into trading a low pick for Richardson.

Colts coach Shane Steichen did not indicate who will start the game, nor did he rule out QB Daniel Jones (Achilles). Per Erickson, holding Jones out would be unsurprising. Richardson was recently seen working with the third-team offense, so Leonard could have the inside track to start on Thursday.

Arthur said Jones, coming off a December Achilles tear, looks “as if he’d never had major surgery, taking off on full-speed scrambles multiple times. He’s been efficient and accurate, kept the offense in rhythm, and spread the ball around.” This is in line with everything else coming out of Colts camp just eight months after Jones ruptured his Achilles — an injury that often requires a year of recovery. If Jones is able to scramble as much as he did before the injury, he could be one of the best late-round quarterback picks in fantasy this summer. Arthur said Jones has spread the ball around in camp, with Josh Downs and Tyler Warren seeing the bulk of the targets.

Somehow, Daniel Jones returned. Both GM Chris Ballard and head coach Shane Steichen “reported on the quality of his play with a little relief,” though he isn’t quite 100 percent yet. It does sound like he’s trending towards playing Week 1 and should be mobile enough to make the Colts offense work even if he’s not quite as fast as he was before tearing his Achilles. It’s good news for the Colts’ pass-catchers and Jonathan Taylor.

It was reported earlier this month that Jones was “cleared to do everything,” but now we have it straight from the source. After suffering a torn Achilles in Week 14 of last season, Jones has rehabbed and worked his way back to playing shape in time to open camp with the Colts at full strength. Jones had a nice season with the Colts before going down last year, throwing for 3,101-19-8 in 13 games while adding another 45-164-5 on the ground. He was rewarded with a two-year, $88 million contract this offseason and will look to lead the Colts to the playoffs after last year’s team fell short despite starting the season with an 8-2 record. Jones profiles as a fringe QB1/QB2 in fantasy after finishing as a QB1 in six of the 13 games he appeared in last season.

“I’m doing everything. Cleared to do everything,” Jones told Boyd Friday at his youth football camp. “I think it’s just about, at this point, sharpening that.” Jones said that he still thinks about the Achilles during practice reps, adding that he “probably will until you get playing.” Jones continues to appear to be on track for Week 1, although his progress through camp and preseason will be telling. Whether Jones, who signed a two-year, $88 million contract extension with $50 million in guaranteed money prior to the 2025 season, returns to his form shown during the first half of the 2026 season remains to be seen. Considering the injury and lengthy rehab process, fantasy managers could be waiting into the second quarter of the coming season for that chance.

Broadly speaking: This is good news, but there’s many steps of the rehab process still to come. Colts GM Chris Ballard said in April that Jones is “shooting for Week 1.” That implied a little bit of a question mark. If Jones does start Week 1, he will be hard to trust in fantasy leagues, as the Achilles is likely to hinder him for quite a bit as a runner. That question doesn’t have to be answered for quite a few months, though, and it seems like Jones has been ahead of expectations of his recovery for some time.

According to the Indy Star’s Joel A. Erickson, Jones did everything in individual drills. That’s a good sign for Jones, who is a little under seven months removed from the torn Achilles tendon he suffered in Week 14. He still has two months until training camp, putting him well on track to be ready by Week 1. The next step will be participating in team drills. For now, Riley Leonard and Anthony Richardson will get some extra reps in practice, though it doesn’t look like either player will be needed in Jones’ place to start the year.

Steichen notes, though, that “the team will be cautious” with Jones. A little over two weeks ago, we learned that Jones was dropping back and throwing the football. It sounds like that process is going well, and his rehab continues. We do not yet know if he will be able to play early in the season. Colts QB Riley Leonard is penciled in as Jones’ backup. It is unclear whether QB Anthony Richardson will be allowed to compete for the No. 2 role. The Athletic’s James Boyd believes “questions still remain about his recovery from a right eye injury.”

It’s a positive sign for Jones four months removed from his Achilles tear, and it’s in line with general manager Chris Ballard’s April 20 assessment that Jones is “progressing really well” in his offseason recovery. Signing a massive contract extension with the Colts, Jones will be the team’s starter in 2026. Whether he misses a couple early season games depends on the speed of his recovery from the Achilles injury. With Anthony Richardson unlikely to be back with the team, Riley Leonard could function as Indy’s No. 2 quarterback behind Jones. Jones ranked sixth in drop back EPA before tearing his Achilles.