Here is what is on the record. Fowler's sources say Downs is requesting a trade. Downs spoke to Indianapolis reporters Wednesday and did not deny it. Asked directly whether he had requested a trade, he said, "Like I said, I'm open to whatever. Whatever comes my way comes my way." He added, "I'm here right now. I'm where my feet are."
Asked whether he wanted a contract extension last offseason, Downs told 1070 The Fan's Kevin Bowen, "I mean, if it came my way, it came my way." No extension came. Downs, a 2023 third-round pick, is playing out his rookie deal.
What is not known yet: no trade has been agreed, no suitor has been confirmed by a team, and the Colts have not commented on the request. Several outlets list Downs among the top names to watch before the deadline, and Adam Schefter flagged him Wednesday as another trade candidate.
The context matters. Indianapolis traded guard Quenton Nelson to Seattle and defensive tackle DeForest Buckner back to San Francisco this week. Head coach Shane Steichen said Wednesday that running back Jonathan Taylor has not asked to be traded.
For RSO owners, a trade request on an expiring rookie deal cuts two ways. A move to a team that needs a slot receiver could raise his weekly floor right away. A deal into a crowded room, or no deal at all with an unhappy player, could do the opposite. His contract is cheap now, but his next one will be priced on how he finishes this year.