The star receiver – a third-round draft pick by the Colts in 2012 – missed three weeks due to a calf injury earlier in the campaign.
The 30-year-old returned to action in Week 12 against the Houston Texans but made two crucial drops which ultimately cost the Colts in a 20-17 defeat.
“I’ve got to make that,” Hilton said. “That’s what I get paid for. I’ve gotta make it. I let my team down today. One hundred percent on me.”
But there was more bad news for the Colts and Hilton on Thursday, with general manager Chris Ballard confirming the receiver would miss Sunday’s clash with the Titans.
It is a major blow for the Colts, who are 1-7 without Hilton in their starting line-up, with the receiver now considered “week-to-week”.
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