Indianapolis Colts head coach Tony Dungy denied an Internet report on Profootballtalk.com that he has decided he will step down and be succeeded by assistant Jim Caldwell, ESPN's Chris Mortensen reported Wednesday. Dungy laughed at the speculation. "Believe it or not, I'm going to go through the process just like I said I would," Dungy told Mortensen. "[Owner] Jim Irsay and I, along with [team president] Bill Polian, have have been talking about this for the last couple of days in Indianapolis. Jim wants me to open the new stadium. I'm not opposed to it, my wife it not opposed to it. I'm going to go through this process to make sure that I should do it. "My wife and I will continue to discuss it and pray about it," he said. "We should have some type of decision by Saturday or Sunday. The first person outside my family that will know about it is Jim Irsay on Monday morning, and nobody else will know about it before Jim." Dungy added: "It's amazing that people don't want to believe what I said all along, that I would take this week to make my decision." Irsay has said that he will do whatever it takes to keep Dungy on the sideline.