The Colts waived Borghi on Wednesday, Aaron Wilson of ProFootballNetwork.com reports.
The Colts signed the Washington State product as an undrafted free agent earlier this month. However, with Indianapolis adding veteran Phillip Lindsay to their backfield mix Tuesday, the rookie was deemed expendable. Borghi displayed a versatile skill set in college, but he appears to be a long shot to stick on an NFL roster ahead of Week 1.