The Colts waived Wolff (undisclosed) off injured reserve Friday after both parties reached an agreement on an injury settlement, per the Colts' transaction log.
Wolff was a considered a dark horse in terms of making it through the Colts' final roster cuts. However, he was held back from making an impression in camp due to an undisclosed issue, and ultimately placed on the team's injured reserve. He will now be free to look for a new destination once he regains full health.