Indianapolis Colts owner Jim Irsay started the trade rumors earlier in the week and on Sunday afternoon they came to fruition. The Colts acquired Vontae Davis from the Miami Dolphins for a 2013 2nd round pick and a conditional 6th round pick.

The Colts have confirmed it, so it's official.

"Bottom line with this move today is we got better as a football team," said General Manager Ryan Grigson. "That is always the goal each day for this organization. From the first time he stepped on the field at Illinois as a freshman or in the National Football League as a rookie, you knew Vontae was a special talent. Now he has a chance under Coach Pagano and this coaching staff to reach not only his potential as a football player, but as a person as well. That is our collective goal moving forward."

The Dolphins are stockpiling picks while the Colts are using theirs for established players. Davis was a 2009 1st round pick and is only 24 years old.

For more on this trade be sure to check out The Phinsider and Stampede Blue. For more news and notes from around the NFL head over to SB Nation's NFL hub page.