The Colts also activated WR Ashton Dulin from injured reserve.
The COVID-19 list was created this summer for a player who either tests positive for or who has been quarantined after having been in close contact with an infected person or persons.
Players will remain on the list until they are medically cleared to return.
Taylor, 21, was selected with No. 41 overall in the second round of this year’s draft by the Colts. He signed a four-year, four-year, $7,829,150 contract with the Colts that included a $3,253,928 signing bonus.
In 2020, Taylor has appeared in 10 games for the Colts and rushed for 518 yards on 135 carries (3.8 YPC) to go along with 26 receptions for 227 yards receiving and four touchdowns.