Downs (knee), who missed some time this offseason, participated in practice Wednesday, Jake Arthur of Si.com reports.

EDGE Analysis

Now that he's back on the field for training camp, the 2023 third-round pick out of North Carolina will have a chance to compete for slot snaps with free-agent addition Isaiah McKenzie in a Colts receiver corps that also includes Michael Pittman and Alec Pierce. If Downs can secure a top three role out of the gate, he could gain some appeal in PPR formats regardless of whether who between Gardner Minshew and Anthony Richardson winds up as the team's Week 1 starting quarterback.

Downs missed practice Thursday with a knee injury, George Bremer of The Anderson Herald Bulletin reports.

EDGE Analysis

Coach Shane Steichen described it as "a little bit of a knee issue" without elaborating any further. The third-round pick out of UNC isn't likely to be part of a high-flying pass attack his rookie year, but he did find a good place to earn early snaps once he moves past the knee injury, as Michael Pittman is the only player on Indy's roster with a 600-yard receiving season to his name. Alec Pierce had 593 yards as a rookie second-round pick last year, but it's possible he'd see fewer targets than Downs even if he's the No. 2 receiver in terms of snaps and the rookie is the No. 3.