Earlier this month, Leonard expressed his frustration at his playing time but was informed by the team that his role would not be expanded.
Leonard, a first-team All-Pro in 2018, ’20, ’21 and second team in ’19, underwent two complicated back surgeries last year to repair nerve damage.
He is signed through the 2026 season but has no guaranteed money beyond this year on his contract.
“Colts Nation will always remember The Maniac’s palpable energy on the field with each tackle, interception, punchout, and fumble recovery. Off the field, he’s a servant leader and assisted numerous families in both his hometown and the Indianapolis community. We’re thankful for Shaq and the contributions he made to our organization. We wish him and his beautiful family the best moving forward,” Colts owner Jim Irsay said in a statement.