Manning and Irsay both made comments through the media in recent days following the upheaval in the club's front office and coaching staff, but Friday's missive was issued in an attempt to quell rumors of a disruptive spat between the two.

"Since 1998, we have enjoyed a great relationship, based upon mutual respect and trust," the statement read. "We have always been able to talk and address matters we've faced over the years, not just as owner and player, but as friends. We had a long talk today and we want to assure Colts fans everywhere that we are both committed to maintaining our close relationship and to working together through any challenges the future may bring."

Bill Polian, who shaped the Colts football operations and drafted Manning upon arriving in Indianapolis in 1998, was the first to go after the team suffered through a 2-14 season without the injured four-time MVP. Head coach Jim Caldwell soon followed after Ryan Grigson was named the club's new general manager.

There has been speculation that Manning, healthy or not, may be the next one out the door. Manning sat out the entire 2011 campaign following neck surgery and it's not completely known if he will be fully healed to play in 2012.

The Colts have the first pick in April's draft, and with Stanford quarterback Andrew Luck considered a can't miss prospect, the team may be willing to shed Manning's high price and start over.

A March 8 deadline looms for the Colts, who must decide whether to keep Manning and pay him a $28 million roster bonus for 2012 or allow him to leave as a free agent.

Manning made comments to the Indianapolis Star on Monday, saying the situation surrounding the Colts is "not a real good environment down there right now, to say the least. Everybody's walking around on eggshells. I don't recognize our building right now. There's such complete and total change."

He added that tough decisions will have to be made by ownership and he understands that it's business, but also stated that he wanted to "play the same place my whole career."

Irsay responded and said Manning should not have gone public with his statements and should have instead kept things in house.