The Indianapolis Colts have agreed to trade five-time Pro Bowl cornerback Stephon Gilmore to the Dallas Cowboys.

Indianapolis will receive a fifth-round compensatory draft pick, according to multiple media reports.

The 32-year-old Gilmore will play for his fourth team in four years, joining a secondary that already features Trevon Diggs, whose 14 interceptions over the last two seasons are the most in the NFL.

Gilmore signed a two-year contract with the Colts last year, and unloading him clears an estimated $9million in salary cap room for Indianapolis.

The Cowboys add the 2019 Defensive Player of the Year to a unit that ranked fifth in points allowed per game last season at 20.1.

Reports of the trade came after Dallas announced that starting safety and 2022 leading tackler Donovan Wilson re-signed for three years and $24m.

Gilmore played his first five seasons with the Buffalo Bills before joining the New England Patriots in 2017. The former second-round pick enjoyed his best years with New England, being named to the All-Pro First Team in 2018 and 2019.

He started just three games for the Carolina Panthers in 2021 but had a bounce-back season last year with the Colts. In 2022, Gilmore started 16 games and tallied 66 total tackles, two interceptions and 11 pass breakups.

Gilmore’s 29 career interceptions are tied for the fifth-most among active players.