Eric Dickerson yesterday passed a physical examination on his injured hamstring and was cleared to begin practice with the Indianapolis Colts, a team he once vowed he would never play for again.

The Colts (2-3) had Monday off, and Dickerson was expected to rejoin his teammates for today's practice, team spokesman Craig Kelley said.

In the offseason, Dickerson threatened to retire, refused to take a team-ordered physical, was suspended by the club and was placed on the NFL's non-football injured reserve list, where he's been the past six weeks. But Saturday, in a meeting with team owner Robert Irsay, he signed a four-year contract extension for a reported $10.75 million.

His frustration surfaced last season when he was bothered by a hamstring injury. He criticized the offensive line for not protecting him, then said he would sooner retire than play for Indianapolis. Teammates have had public mixed reactions about his return.Hebert Situation Unsettled

The Saints do not expect to make a deal for holdout quarterback Bobby Hebert before the NFL's trading deadline this afternoon, a team official said. Hebert announced earlier this year that he would never again play for the Saints and has insisted that the team trade him.

Jim Miller, vice president of administration for the Saints, told the New Orleans Quarterback Club that Hebert's trade value probably would stay the same even if he isn't traded this year.

"The buyer determines the value," Miller said. "If a team has a certain need for a quarterback, the value will be high. We have not received an offer of the value of a four-year starter."

Saints President and General Manager Jim Finks has said the only offer he has received for Hebert is a No. 1 draft choice from the Los Angeles Raiders.

If Hebert is not traded, he will remain property of the Saints. Trading can resume after the Super Bowl. . . .

In a completed trade, the New York Jets obtained cornerback Dennis Price from the Los Angeles Raiders in exchange for linebacker Alex Gordon. Both players currently are on the injured reserve list. Fryar, Dykes Fined

Irving Fryar and Hart Lee Dykes were fined by the New England Patriots for missing team meetings and practice last Wednesday after an early morning altercation outside a Providence, R.I., nightclub. The team said the fines, reported to be about $1,000 for each, were identical and in accordance with its published schedule of fines.

Dykes, who injured his left eye in the incident, is expected to miss Thursday night's game at Miami. Fryar has a gash on his head but is expected to play.

Yesterday Dykes gave his first public account of the incident. As he and Fryar were leaving the club, Dykes said a heavyset man, later identified as a nightclub bouncer, made derogatory comments about the Patriots' poor play this season. They are 1-4.

"I just said, 'Well, if you feel like you can do better then why don't you go down and try out. Maybe they'll take you,' " Dykes said.

While continuing to his truck, Dykes said he was hit over the head with what he believes was a crutch. Practice Squads Approved

A federal judge has approved an agreement that allows teams to have up to five non-roster players practice with each club.

U.S. District Judge Royce Lamberth gave final approval to the league's first labor agreement in several years after lawyers for the league and suing players said no players had objected to the arrangement Lamberth tentatively approved Sept. 26. . . .

Team owners will open two days of meetings in Chicago today, intending to discuss media-relations policies and hear committee reports on a variety of subjects, including expansion and realignment.