The two teams have been communicating over a potential trade since the draft, according to Rapoport. Taylor was originally set to make $4.5 million in 2018, but he has since restructured his contract in order to make a trade more palpable for the Cardinals, a source told Rapoport.
The Cardinals used a sixth-round pick (182nd overall) on cornerback Chris Campbell, but have kept options open. The Cardinals hosted free-agent cornerback Baushad Breeland on Thursday, but Breeland could land with the Colts, a team he visited before traveling to Arizona, once he is fully recovered from a foot injury, Rapoport said.
Taylor, 27, has started 29 games in the past two seasons and has three career interceptions.