Colts confident of agreeing deal with QB Luck

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Indianapolis Colts owner Jim Irsay said contract talks are progressing well with star quarterback Andrew Luck, with the NFL franchise hopeful of agreeing a new deal before training camp.

Irsay revealed on Saturday that "serious talks" have taken place with Luck, who is in the final year of his rookie contract.

A contract reportedly worth at least $100million has been touted after Irsay previously said the first overall pick in the 2012 Draft was in line for a "shocking" new deal.

Speaking at the NFL Draft, Irsay told reporters he is hoping to finalise an agreement with the 26-year-old by July.

"Serious talks have happened," Irsay said. "The discussions we've had indicate we should be able to come to a deal. But until you do, we still have ground to cover, there's no question about that.

"It's a complicated contract. It's one that has to work both ways to make sure we're able to field a great football team where Andrew can be part of one or more championship teams.

"It takes time, but we've made real progress and I don't see any reason why discussions can't eventually before we get to training camp produce a new contract.

"I think both sides feel the sooner the better, if it's possible, and I believe both sides believe it's possible. How do you create an 11th-hour dynamic where people really get to their end game? That's kind of hard, but I think we can do that because both sides realise that this is a deal hopefully [that] should get done."

Irsay added: "I think I remember doing [Peyton Manning's] last contract in training camp. Obviously before we get to training [camp] we'd like to do it.

"There are times when you get to camp, you're into the pre-season, you can still get something done."

Luck appeared in just seven games last season as he dealt with a lacerated kidney and an abdominal tear. 

In those appearances, Luck completed 162 passes for 1,881 yards and 15 touchdowns.