According to both Adam Schefter and Chris Mortensen of ESPN, Indianapolis and general manager Chris Ballard have chosen Philadelphia Eagles offensive coordinator Frank Reich. Since retiring as a coach he has spent time on the staff of the Colts, Cardinals and Chargers in addition to working the last two years for the Eagles.
Reich was a former Colts' QB coach and was instrumental in the development of Peyton Manning.
After being spurned by Patriots offensive coordinator Josh McDaniels, the Colts have their sights set on Reich to be their next head coach.
Reich is most likely remembered most as a former National Football League gunslinger who consistently led the Buffalo Bills to come-from-behind victories whenever Jim Kelly was nursing an injury.
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Reich, who led the Buffalo Bills to the biggest comeback in National Football League history against the Houston Oilers after the Bills trailed 35-3, was the beneficiary of Josh McDaniels changing his mind.
Expect for the move to become official early this week with the next move being to find an offensive coordinator.
If Reich does get the job, however, the pressure will certainly be on the Eagles - and Pederson - to make sure the offense doesn't take a step back next season with two of their key offensive coaches potentially gone.
The hiring hasn't been announced officially.