INDIANAPOLIS – It wouldn't have been a true Jim Irsay media session without an Andrew Luck contract update.

Speaking during Saturday's final day of the 2016 Draft, Irsay addressed the elephant in the room (non-draft related).

"Talks are progressing well," Irsay said of the Colts and Luck's second contract.

"We have gotten into serious discussions and we have made progress. The discussions we've had indicate we should be able to come to a deal. We still have ground to cover, there's no question about that. It's a complicated contract. It's one that has to work both ways to make sure we're able to field a great football team where Andrew can be part of one or more championship teams. It takes time, but we've made real progress and I don't see any reason why discussions can't eventually, before we get to training camp, produce a new contract."

A few weeks back, Luck himself was asked about playing the final year of his rookie deal with a second contract pending.

"I'd absolutely love to be here, get it done and move forward," Luck said at the start of the team's offseason program.

"That being said, I really don't spend that much time thinking about it. I have a great agent, who's also my uncle, so I probably talk to him too much (laughs). But I trust him to do a great job and we'll see what happens."

In March, Irsay had mentioned a soft deadline of July 4th for Luck's second contract.

Irsay reiterated over the weekend though that there is by no means a cut off date, with Luck still under contract through next season.

"Both sides feel the sooner the better, if it's possible, and I believe both sides believe it's possible," Irsay said.

"How do you create an 11th-hour dynamic where people really get to their end game? That's kind of hard, but I think we can do that because both sides realize that this is a deal that should get done."