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PHILADELPHIA 鈥� Carson Wentz helped steer the Philadelphia Eagles to the franchise鈥檚 only Super Bowl title and later received the richest contract in team history.

He鈥檚 already gone before that deal even kicked in.

The Eagles agreed to trade Wentz to the Indianapolis Colts, according to a person familiar with the deal. Philadelphia receives a third-round pick in this year鈥檚 draft and a conditional second-round pick in 2022 that can turn into a first-round pick if Wentz plays 75% of the snaps this year or 70% and the Colts make the playoffs.

The person spoke to The Associated Press on condition of anonymity Thursday because the deal hasn鈥檛 been announced.

Wentz is coming off the worst season of his five-year career and was benched for rookie Jalen Hurts after 12 games. He finished third in NFL MVP voting in 2017 when he led the Eagles to an 11-2 record before a knee injury ended his season and Philadelphia went on to win the Super Bowl.

The deal reunites Wentz with Colts coach Frank Reich, who served as Philadelphia鈥檚 offensive co-ordinator his first two seasons in the league. Press Taylor, an offensive assistant coach with the Eagles during Wentz鈥檚 tenure, also has joined Reich鈥檚 staff.

The Colts are turning to their fourth starting quarterback in Reich鈥檚 four years. Andrew Luck retired abruptly before the 2019 season and Jacoby Brissett took over. Philip Rivers led the team to the playoffs in his only season in Indianapolis in 2020. After Rivers retired, Wentz became an ideal replacement for the team.

Brissett is about to become a free agent and the only other quarterback on the roster is Jacob Eason, who never took a snap last season as a rookie.

Wentz鈥檚 new teammates are already welcoming his arrival.

鈥淟et鈥檚 get to work!!! Welcome to Indy! Can鈥檛 wait to see what the future holds in the 317,鈥� two-time All-Pro linebacker Darius Leonard wrote on his social media account, citing the city鈥檚 area code.

Receiver Parris Campbell was even more succinct on Twitter: 鈥淟ETS WORK!!鈥�

Wentz is entering the first season of a four-year, $128 million contract extension he signed in June 2019. The Eagles will absorb a significant salary cap hit of $33.8 million in dead money on their 2021 cap. Indy started the off-season with the second-most room under the projected cap.

The Eagles traded up twice in the 2016 NFL draft to select Wentz with the No. 2 overall pick. He started all 16 games as a rookie and had a breakout sophomore season before he tore two knee ligaments in Week 14 and watched Nick Foles lead the Eagles to a Super Bowl win over New England.

A back injury ended Wentz鈥檚 season early in 2018 and Foles led the Eagles to a playoff victory.

Wentz started every game in 2019 and helped the Eagles win the NFC East with an excellent four-game stretch in December. He became the first NFL quarterback to throw for 4,000 yards without a wide receiver having 500 yards receiving and became the first to throw 20 or more touchdowns and seven or fewer interceptions in three straight seasons.

But he was knocked out of his first career playoff start after nine snaps because of a concussion. Wentz hasn鈥檛 been the same since that hit from Jadeveon Clowney. He posted a 72.8 passer rating, 16 interceptions and lost four fumbles in 12 starts in 2020. The Eagles finished 4-11-1 and fired coach Doug Pederson. They hired former Colts offensive co-ordinator Nick Sirianni.

The Colts are betting Wentz will rebound with a new team, which looks like a solid fit for the former North Dakota State star. After losing at Buffalo in the wild-card round last month, general manager Chris Ballard made it clear Indy鈥檚 top off-season priority was finding a long-term solution at quarterback.

Some speculated about what the Colts would do in free agency or potentially move up in the draft. But Ballard was reticent about being pressured into a rash decision, giving away too many picks or overpaying.

鈥淲e get the importance of the quarterback position but the difference between just taking one and taking the right one is the key in our minds,鈥� Ballard said. 鈥淚t鈥檚 something we want to get fixed. Look, when you think about two of the top franchise quarterbacks since coming to Indianapolis 鈥� Peyton Manning and Andrew Luck 鈥� they were No. 1 picks. I promise you if we鈥檙e picking No. 1, I鈥檓 not going to be here talking about it.鈥�

Wentz also will have a better supporting cast in Indy.

The Colts offensive line, led by three-time All-Pro guard Quenton Nelson and centre Ryan Kelly, is one of the league鈥檚 top units. Jonathan Taylor became the fifth rookie in Colts history to top the 1,000-yard mark and Indy has a promising group of young receivers and tight ends still under contract. Four-time Pro Bowl receiver T.Y. Hilton and starting running back Marlon Mack both could become free agents.

And Ballard believes Reich is a master of quarterback development.

鈥淚 think Frank is outstanding, I think he鈥檚 proven it,鈥� Ballard said during his season-ending news conference. 鈥淚n Philly, he did a really good job with their young quarterback. Here, he鈥檚 had three different quarterbacks and he鈥檚 done well with all three.鈥�

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AP sports writer Michael Marot in Indianapolis contributed.

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More AP NFL: https://apnews.com/NFL and https://twitter.com/AP_NFL

Rob Maaddi, The Associated Press