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Peyton Manning activated, will practice on limited basis

Green Bay Packers v Indianapolis Colts

INDIANAPOLIS, IN - AUGUST 26: Peyton Manning (L) and Kerry Collins #5 of the Indianapolis Colts look on during the first half of an NFL preseason game against the Green Bay Packers at Lucas Oil Stadium on August 26, 2011 in Indianapolis, Indiana. (Photo by Joe Robbins/Getty Images)

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Here’s something that will make Colts fans smile: Indianapolis activated Peyton Manning from the PUP list on Monday.

The four-time MVP will return to practice on a limited basis. The Colts don’t explicitly say that will happen Monday, but it’s fairly safe to assume that since they are activating him.

“He will participate in practice on a limited basis. All of his practice work will be scripted and on a controlled basis,” the Colts said in a statement.

It’s a good sign for Manning in a weekend full of them. He sounded rather optimistic speaking to CBS, and Colts coach Jim Caldwell did as well when talking about Manning.

Practicing on a limited basis is different than getting crushed by 270-pound defensive ends, but this is a big step. The chances of Manning being ready for Week One certainly look better than they did a week ago.