Manning spoke during a media availability in Atlantic City, N.J., saying he'd seen Peyton throw recently.

More: Peyton's Place Blog

"I did see him a couple of weeks ago. He was in New Orleans, and I saw him throw," said Archie Manning, Peyton's father. "He looked like Peyton, so as far as throwing and velocity of the ball, he looks fine."

A final decision regarding Manning's status with the Colts could come any day now, with a March 8 deadline looming by which the Colts must pay their quarterback a $28 million bonus or allow him to become an unrestricted free agent.

Speculation has swirled for weeks about teams that might have interest in Manning, and that talk has intensified in recent days, with most NFL analysts expecting the Colts will cut ties with Peyton.

"Peyton gets it. He's a big boy, and he knows football is a business, so as I keep saying, I don't know what's going to happen," Manning said. "I keep telling him it will all work out."

Andrew Luck, the presumptive first pick in the NFL Draft, said Friday that he's focused on dealing with things he can control.

"I try not to get caught up in speculation and I try to focus on putting myself in the best chance to be on an NFL team and ... try and win games," Luck said. "Nothing's happened yet in my mind."