Reggie Wayne open to Colts return

INDIANAPOLIS -- Reggie Wayne doesn't know what will unfold with Peyton Manning. He doesn't know what will happen with him, either.

The Indianapolis Colts receiver has an expiring contract and could be lined up to explore unrestricted free agency for the first time.

Wayne is connected to NFL Play 60 sponsor Kinect for Xbox 360, and during a break playing with school kids Wednesday, he said he would not be averse to being part of a Colts rebuilding project.

"This is what I have, this is all I know," he said. "So I wouldn't mind being part of a rebuilding process. They need some old heads, too, you know? It would be an honor to still be part of this organization even with a rebuilding phase. I know there are going to be some guys on the team that I still know, I know the head coach, Chuck Pagano, pretty good (from their time together at the University of Miami.) I'd just look at it as my rookie year all over again."

Wayne could be a popular target for teams who believe a veteran wide receiver is a missing ingredient. He said he'd enjoy being courted and happily share a meal and shake some hands with other teams.

But he's not dreaming of something different or better than what he's known his whole career.

"I've not talked to the Colts and rightfully so," he said, pointing to all of the change for a team with a new general manager (Ryan Grigson) and coach. "I'm sure at some point in time I will hear something from them. If not, I'll understand that also.

"No regrets. I love the city. I love that organization. I'll still be a Colt for life."

Paul Kuharsky covers the AFC South for ESPN.com.