Oklahoma and Texas have reached out to the SEC about possibly joining the conference, multiple sources confirmed to ESPN.
The Houston Chronicle, which first reported the story, cited an unnamed college official and said an announcement could come within a couple of weeks.
Both Texas and Oklahoma released similar statements on Wednesday, but officials at both schools declined further comment to ESPN.
"Speculation always swirls around collegiate athletics," a Texas spokesman said in a statement. "We will not address rumors or speculation."
Said Oklahoma in a statement: "The college athletics landscape is shifting constantly. We don't address every anonymous rumor.