The Indianapolis Colts have a big decision to make this offseason when it comes to re-signing long-time wide receiver T.Y. Hilton.

The veteran wideout is a free agent for the first time in his career—he signed an extension before the 2015 season—and he could have a number of suitors calling if the Colts let him hit the market.

In their ranking of the top-101 free agents in 2021, Hilton came in at No. 36 overall and eighth among wide receivers on the list.

Both Hilton and the Colts have expressed interest in the Ghost returning to finish his career in Indy. However, both sides have also said the money needs to be right in order for him to return.

Spotrac has Hilton’s market value sitting at $10.1 million per year on a three-year deal. While that’s not terribly high, it may be a bit too rich for the Colts, who are sitting with roughly $43 million in salary-cap space after the Carson Wentz trade.

Hilton didn’t have a dominating campaign with Philip Rivers in 2020, although he did show some flashes. He may not be the speedy deep threat he was earlier in his career, but he is still a nuanced route runner who is extremely proficient in finding holes in a zone.

It will be interesting to see if the Colts and Hilton can get a deal done before the market opens as the latter should have plenty of suitors in free agency.