Updated 10:31 a.m. ET Monday, Sept. 26

Colts owner Jim Irsay announced Monday morning that QB Peyton Manning is expected to miss the entire 2011 season, but later clarified that there is still hope for a return.

Irsay made the announcement at a breakfast with Super Bowl donors, according to multiple reports.

Manning likely won't practice until December, Irsay said. The four-time MVP underwent surgery on his neck on Sept. 8, his third procedure in 19 months. Manning's streak of 208 consecutive regular-season starts ended in Week One.

Irsay then took to Twitter to clarify, saying that he didn't say Manning would miss the season "for sure" and that the Colts would keep him on the active roster. Irsay wrote they would take it month-by-month with an "outside chance" of a return in December still possible.

Kerry Collins started the team's first three games, but left Sunday night's game against the Steelers with an apparent concussion. Curtis Painter replaced Collins in the 23-20 loss. Manning watched the game from the coaches' box. The Colts are 0-3.

The way we see it

Nothing is official, but few expected Manning to return to the field this season. The Colts' defense stepped up in Sunday night's loss, but they need consistent play from the quarterback position. The team expects Manning, when recovered, to play for a few more seasons, but the Colts should be in position to draft a quarterback high in April, where they could find Manning's successor.