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[UPDATE] Confirmed: Indianapolis Colts very close to signing RB Dominic Rhodes

Tip to raynman for giving us the heads up: NFL Network's Adam Shefter is reporting the Colts and Dominic Rhodes are close to an agreement that will bring RB Dominic Rhodes back to the Colts. Shefter says Rhodes spoke with the Colts, wants to return to Indy, and an agreement is close.

Looks like Dom is coming back to Indy. This is a very good thing, folks. The more depth at RB, the better. Rhodes ran all over teams in the 2006 playoffs, including 113 yards and a TD in Super Bowl 41.

UPDATE: Ok, it's pretty close to confirmed, via Adam Shefter. Welcome back, Dom.