Odum is set to sign a two-year contract extension, which could be worth up to $10 million, with the 49ers, Tom Pelissero of NFL Network reports.
The 49ers activated Odum (biceps) from injured reserve Saturday and he's set to play in the team's NFC divisional-round game against the Packers, Jennifer Lee Chan of NBC Sports Bay Area reports.
The 49ers designated Odum (biceps) to return from injured reserve Tuesday.
The 49ers placed Odum (biceps) on their injured reserve list Monday.
Odum (biceps) suffered a torn biceps in Thursday's 31-13 win over the Seahawks and is expected to face a recovery timeline of two-to-four months, Tom Pelissero of NFL Network reports.
Odum (quadricep) was a full participant in Thursday's practice.
Odum is questionable to return to Sunday's game against the Browns due to a thigh injury, Eric Branch of the San Francisco Chronicle reports.
Odum agreed to a three-year, $10.95 million contract with the 49ers on Friday, Ian Rapoport of NFL Network reports.
Odum will serve as the Colts' starting free safety in the absence of Andrew Sendejo (concussion) Sunday against the Raiders, George Bremer of The Anderson Herald Bulletin reports.
Odum started at free safety and had six total tackles, a pass defensed and an interception in Sunday's win at Buffalo.