The Indianapolis Colts are a more legitimate contender with Carson Wentz under center next season, at least in the eyes of oddsmakers.

Indianapolis reportedly agreed to acquire Wentz from Philadelphia on Thursday, which will reunite him with former Eagles offensive coordinator and current Colts head coach Frank Reich. Although the deal cannot be made official until the start of the 2021 NFL league year on March 17, the Colts' Super Bowl LVI odds have shortened from +2900 to +2600 at FanDuel and from +2500 to +2000 at SportsBetting.com.

The Colts are now +1300 to win the AFC Championship at FanDuel, behind Kansas City (+250), Buffalo (+500), Baltimore (+650) and Cleveland (+1200). With Wentz, Indianapolis is now +110 behind Tennessee (+105) to win the AFC South next season.

SportsBetting.com installed the Colts as the +150 favorite last month to land Wentz amid speculation the Eagles were peddling their former No. 2 overall pick. The Colts were followed by the Chicago Bears (+200) and New England Patriots (+500).

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Indianapolis was considered a likely potential destination for Wentz after the retirement of Philip Rivers, who led the Colts to a wild-card spot in his lone season with the team. With Jacoby Brissett also a pending free agent, 2020 fourth-round pick Jacob Eason has been the Colts' only quarterback under contract.

Wentz, 28, signed a four-year, $128 million extension with the Eagles in June 2019. He struggled last season and was eventually benched by Doug Pederson, who made Wentz inactive in Week 17.

Super Bowl LVI Odds (FanDuel):

  • Kansas City Chiefs: +500
  • Tampa Bay Buccaneers: +950
  • Buffalo Bills: +1100
  • Green Bay Packers: +1100
  • Los Angeles Rams: +1300
  • San Francisco 49ers: +1400
  • Baltimore Ravens: +1400
  • New Orleans Saints: +1600
  • Seattle Seahawks: +2000
  • Cleveland Browns: +2200
  • Indianapolis Colts: +2600
  • Tennessee Titans: +2700
  • Dallas Cowboys: +2800
  • Miami Dolphins: +2800
  • Los Angeles Chargers: +3100
  • Pittsburgh Steelers: +3100
  • New England Patriots: +4000
  • Arizona Cardinals: +4400
  • Minnesota Vikings: +4400
  • Carolina Panthers: +5000
  • Las Vegas Raiders: +5000
  • Philadelphia Eagles: +5000
  • Atlanta Falcons: +6000
  • Chicago Bears: +6000
  • New York Jets: +6500
  • Houston Texans: +7000
  • New York Giants: +7000
  • Washington Football Team: +7000
  • Cincinnati Bengals: +8000
  • Denver Broncos: +8000
  • Jacksonville Jaguars: +8000
  • Detroit Lions: +12000