The Indianapolis Colts could be adding another quarterback who played under head coach Frank Reich with reports that Nick Foles could be signed by next week.

Foles is reportedly currently negotiating with the Colts and a deal could be sealed by next week according to Zak Keefer of The Athletic.

If it happens, Foles would be the latest former player from the Philadelphia Eagles to join the Colts.

Last year, the Eagles took a chance on Carson Wentz but things did not pan out. Considering Foles was Super Bowl LII MVP as the Eagles’ starting quarterback with Reich as the offensive coordinator, adding him to the fold would make a ton of sense.

It was also Foles’ finest season, rallying the Eagles to the Super Bowl title.

The 33-year-old played for the Chicago Bears last NFL season but was released last May 1.

Should the Colts officially sign him, Foles would likely serve as the backup quarterback of Indianapolis. Matt Ryan is expected to be the starting QB of the Colts for the coming NFL season.

Aside from Ryan, the Colts also have Sam Ehlinger, James Morgan and Jack Coan on the roster as quarterbacks.

However, adding Foles would be added insurance for Reich – especially if something untoward befalls Ryan this NFL season.

Foles was released by the Bears after they failed to find a suitable trade partner for him. It was deemed a classy move by the player’s agent, Justin Schulman since it would allow Foles to explore other opportunities in the free agent market.

The move also saved the Bears $3 million against their salary cap.

This update comes not long after Reich mentioned that the Colts were in no hurry to bring in a veteran quarterback. Ehlinger is currently the backup QB for Ryan but adding someone who is oozing with experience could work to the Colts’ advantage.

Nick Foles Philadelphia Eagles Nick Foles #9 of the Philadelphia Eagles reacts after his team's loss to the New Orleans Saints in the NFC Divisional Playoff Game at Mercedes Benz Superdome on January 13, 2019 in New Orleans, Louisiana. Jonathan Bachman/Getty Images