Update:

According to ESPN’s Adam Schefter, former Colts GM Bill Polian laughed at the report from this past weekend that he could consider returning to the NFL and taking a position in the Bears or Rams’ front offices.

“It’s absolutely wrong,” Schefter said during an interview with WMVP-AM 1000, via the Chicago Tribune. “He laughed at the idea of it and was trying to figure out the genesis of it because he’s had absolutely no contact with anybody there. There is no job, . . . and he was befuddled how he could be connected to the job.”

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Jason La Canfora of CBS Sports, citing league sources, reports that former Colts GM Bill Polian would “strongly consider” the right opportunity to return to the NFL.

According to La Canfora, Polian has stayed “plugged in” to league matters and NFL personnel while working as an analyst for ESPN and several owners are mulling potential front-office shake-ups that he’s monitoring closely.

Interestingly enough La Canfora says Polian is expected to garner heavy consideration for a front-office position with the Bears. La Canfora says that the possibility exists that the Bears could restructure their front office and bring in Polian as a senior adviser who would oversee coaching and football operations next year.

Another option for Polian could be the Rams, according to executives La Canfora has spoken to. Although, one issue with L.A. is that a Midwestern team is believed to have more appeal to Polian, who reportedly has a “strong affinity” for Bears ownership.

Last year, there was talk that Polian could join the Bills’ front office in a senior management position, but he reportedly declined to take the job and was instead voted into the Pro Football Hall of Fame, which requires a five-year hiatus from the league.

We’ll have more regarding a potential return to the NFL for Polian as the news is available.