This report only comes a few hours after ESPN reported Reich to be the heavy favorite to land the job.
Although Reich did not call the plays with the Eagles, he did have a big hand in putting together the game plan, with head coach Doug Pederson putting plenty of trust into Reich's ideas.
Eagles offensive coordinator Frank Reich has agreed to become the Colts' head coach, a source informed of the situation told NFL Network's Mike Garafolo. It's reportedly a five-year deal.
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The Eagles have already lost quarterback coach John DeFilippo to the Minnesota Vikings, as they hired him to be their offensive coordinator.
Reich is best known as the Bills' longtime backup quarterback behind Jim Kelly, but has climbed the ladder in the coaching world since his first job with the Colts in 2006. He was mostly a backup but is best remembered for leading the Bills to the biggest comeback in National Football League history in a 1993 playoff win over the Houston Oilers.
The Eagles appear to be in serious danger of losing two crucial offensive coaches from their staff.
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The Colts have a new head coach.
It goes without saying that Reich will have his hands full in Indianapolis.
He has spent the past four seasons as an offensive coordinator with the San Diego Charger (2014-15) and Eagles (2016-17) and was a crucial part in the latter's victory over the New England Patriots in the Super Bowl.
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An official announcement on Reich's hiring should come soon.