The Indianapolis Colts have decided which player they will take with their top overall pick in the upcoming NFL draft. According to sources with ESPN, the Colts will choose Stanford quarterback Andrew Luck.

Colts general manager Ryan Grigson said on Wednesday, "'We've pretty much made up our minds and we're going to go from there. We feel good about it and we'll go from there.''

The Colts see Luck as the natural successor to Peyton Manning, who the Colts took with the first overall pick in 1998. Manning became the Colt's most prolific quarterback during his career and won Super Bowl XLI with the team.

After missing the 2011 season with injury, Manning was released and signed with the Denver Broncos.

Now, as the Colts rebuild with a new coach and new general manager, the team will have a new quarterback to build upon.

Luck's career at Stanford has been outstanding, including breaking John Elway's school record for touchdown passes at 80 touchdowns.  Last year, he finished with 3,170 passing yards, 35 touchdowns, and a 70 completion percentage.

Given Luck's pedigree, it is not surprising that Luck will be chosen with the first overall pick. It is likely that the Washington Redskins, owners of the number two pick will be choosing Heisman Trophy winner Robert Griffin III of Baylor.