According to the Indianapolis Star's Stephen Holder, the Colts had "serious talks" about trading down in the 2015 NFL Draft but couldn't find a trade partner.
A lot of talk recently in regards to the upcoming 2016 NFL Draft has been pertaining to potential trades. The Tennessee Titans are interested in trading the first overall pick, while fans of other teams (including the Colts) hope that their team will also trade back in the draft.
It wouldn't be a bad idea for the Colts to consider moving down in this year's draft, but so far it's uncertain whether or not they will.