The Indianapolis Colts have been working on the parameters of a blockbuster deal for quarterback Andrew Luck, according to league sources.

Many around the league expect a completed deal would make Luck the highest-paid player in the game, at a figure that could be right around $25 million per year.

Conversations between Luck and the Colts have been ongoing, even though nothing can be finalized until the start of the new league year March 10.

But both sides want to make it happen and are expected to keep trying to make it happen until a new deal is in place, locking Luck in Indianapolis for years to come.