The Colts signed Smith to the practice squad Monday.
Smith was let go from the Broncos' practice squad Tuesday after joining with the team in early September. The 26-year-old wideout has yet to play this season, and he has not caught a pass since the 2020 campaign. Smith will serve as a potential game-day elevation with wideouts Ashton Dulin (foot) and Keke Coutee (concussion) both likely to miss time due to injury.