The rebuilding process continues for the Indianapolis Colts.

Just two days after Peyton Manning was released from the team, league sources have told ESPN's Adam Schefter that the Colts are now fielding telephone calls from teams interested in trading for another perennial Pro Bowler, this one on the defensive end: Dwight Freeney.

Similar to the Manning situation, the Colts do not necessarily want to part ways with Freeney, but they need the salary-cap space. However, Freeney has a $19 million cap number this season and is unwilling to restructure his contract.

The Colts will only trade Freeney for what they consider the right price. Although Freeney, 32, has declined in sack production the last two seasons, he might still command a couple of draft picks, not necessarily first-rounders. And, any help the Colts can get on the front seven wouldn't hurt their defense, which ranked 29th in rushing yards allowed per game.

Freeney, who has spent his entire 11-year career with the Colts, has been named to seven Pro Bowls and is the Colts' all-time sacks leader with 102½.