Last week, Indianapolis gave the only four-time MVP in league history the exclusive franchise tag, which prevents Manning from negotiating with other teams as a free agent. If he plays under the tag, Manning would receive about $23 million in salary next season.
Polian told The Associated Press on Wednesday the two sides were making progress but that no deal was imminent. He spoke following a meeting with the NFL’s competition committee.
Polian also says Indy would be willing to bring back two-time Pro Bowl safety Bob Sanders(notes) if he does not sign with another team.