The Colts are set to sign linebacker Victor Butler, according to Mike Chappell of the Indy Star (on Twitter). To make room, Indianapolis will waive defensive tackle Kelcy Quarles.
Butler, 27, was released by the Colts less than a week ago. The former fourth round pick of the Cowboys has shown promise but he missed last year with a torn ACL while with the Saints. The pass rush specialist signed with the Cardinals in mid-September but his stay in Arizona was brief as he was released on October 1st. In his four seasons in Dallas (2009-2012), Butler totaled 11 sacks and 68 tackles.
Quarles, 22, appeared in two games for the Colts this season and registered a sack in their week three win against the Jaguars.