The Big 12 has authorized negotiations to add TCU as its 10th member. "These discussions with the Big 12 have huge implications for TCU," said TCU Chancellor Victor Boschini. "It will allow us to return to old rivalries, something our fans and others have been advocating for years."
While not finalized yet, it appears that Big 12 and TCU very much want this deal to happen and it shouldn't take too long to wring out the details.