Davis has agreed to a one-year deal with the Colts, Adam Schefter of ESPN reports.
Davis, who entered the league as a 2016 second-round pick by the Steelers, will provide the Colts with added safety depth. Though the 27-year-old logged starter snaps during his first three NFL seasons, he was largely used in a special teams role by Pittsburgh in 2020 en route to recording 12 tackles.