View Photo Gallery: The Indianapolis Colts are set to part ways with Peyton Manning, who has been their quarterback since they drafted him in 1998.

Peyton Manning and the San Francisco 49ers? His former coach with the Indianapolis Colts raised that possibility Wednesday, but then possibilities are being raised all over the place now that Manning is becoming a free agent.

“I can't speak for Peyton. There's a number of teams out there,” Dungy said in an NFL Network interview. “San Francisco, I look at what they did and whether they've made that commitment to Alex Smith yet, I don't know. I don't know where they stand, but that's a team that's got great defense, it has some young receivers, a very good tight end and a good back, that, you put Peyton Manning in that offense and people are going to be scared to play them.”

Reports by, among others, the NFL Network’s Jason La Canfora and CSN Bay Area’s Ray Ratto, discount that scenario, but that isn’t going to stop the talk until the ink dries on a contract with a new team. Manning, who said in a press conference announcing his release that he’s healing and feeling increasingly comfortable again at quarterback, will have plenty of employment options.

“[Peyton] definitely feels like his arm strength is back and in terms of physically throwing the ball, he feels like he's good there, and he definitely wants to play,” Dungy said. “And the last conversation I had with him, he feels like doctors have given him the total okay to move forward, that he's not going to be in any health risk, and he really wants to get back out on the field.

“So I think you are going to see the old Peyton Manning. I think you're going to see a guy who's really driven and he is going to be a benefit to someone.”

More from Washington Post Sports

Manning: “I’ll always be a Colt”

Manning and Irsay share a flight and prepare for their break-up

Manning and the origin of that neck injury

Redskins will make a run at Manning

Redskins in the Final Four for Manning

: Manning through the years

: Peyton Manning is one funny guy