Martin (shoulder) cleared waivers and reverted to injured reserve, according to the league's official transaction log.
Martin, who injured his shoulder in the Colts' third preseason game, is stuck on IR through the end of the league year unless he agrees to an injury settlement.
Martin (shoulder) is listed as week-to-week after suffering a hamstring injury in Saturday's preseason game, ESPN 1070 am Indianapolis reports.
His status for the start of the regular season is in question as a result. Malik Hooker and Clayton Geathers have returned from injuries and look set to start at safety, but the Colts could have depth issues with T.J. Green (hamstring) and Martin hurt.
Martin injured his shoulder and won't return to Saturday's game against the 49ers.
The severity of Martin's injury isn't clear, and any sort of extended absence will likely hurt his chances of making the Colts' 53-man roster in advance of Week 1.
The Colts promoted Martin from their practice squad to the active roster Friday, Andrew Walker of the Colts' official site reports.
Martin will fill the open roster spot created by the placement of tight end Brandon Williams (concussion) on injured reserve. Martin will likely be a depth option in the secondary while seeing time on special teams.
Martin was waived by the Colts on Monday, Stephen Holder of the Indianapolis Star reports.
Martin was traded to Indy just before the final preseason game, where he broke up just one pass. Martin has just two tackles in 11 career games while playing special teams duties.
Martin has been traded to the Colts in exchange for long snapper Thomas Hennessy, Ian Rapoport of NFL Network reports.
Martin will provide the Colts with depth in the secondary with several players hurt ahead of the start of the regular season.
Martin was called up from the practice squad Tuesday, Rich Cimini of ESPN.com reports.
With Marcus Gilchrist landing on injured reserve Tuesday, the Jets decided to promote Martin. The safety had previously spent time with the team in the preseason before being waived and eventually signed back on to the practice squad. He'll likely compete with Doug Middleton for defensive reps.
Martin was waived by the Jets on Sunday, ESPN's Adam Schefter reports.
The 23-year-old appeared in just eight games for the Jets last season, serving mostly as a backup safety. Martin is eligible to be a member of the team's practice squad should be go unclaimed.
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