The 5-foot-9, 195-pound Branch caught 518 passes for 6,644 yards and 39 TDs over a career that has included two stints with the New England Patriots. He spent five seasons (2006-2010) with the Seattle Seahawks.
Branch also has 64 receptions for 948 yards and four TDs in 17 postseason games. He won two Super Bowls and was MVP during the Pats' third title run.
To make room, Indianapolis (12-5) put starting cornerback Greg Toler and defensive end Fili Moala on injured reserve. The Colts promoted receiver Josh Lenz and defensive tackle Christian Tupou from the practice squad to the active roster. Toler has been dealing with a groin injury and left Saturday's 45-44 victory over the Kansas City Chiefs after giving up two big plays.
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