The Indianapolis Colts have acquired Matt Ryan from the Atlanta Falcons for a 2022 third round pick.
The Colts were desperate for a quarterback after they traded Carson Wentz to the Washington Commanders for third-round picks in 2022 and 2023.
Ryan will be the fifth starting quarterback in Frank Reich's tenure. The Colts have been looking for a long-term answer since Andrew Luck retired in August 2019.
The trade will leave a dead-money charge of $40.525 million on the Falcons' salary cap this season.