According to this post on the official NCAA website, the league is setting up rules regarding when players will be able to transfer between member schools. This legislation comes with one big caveat, so we’ll get into that first.
The rules - which are effective immediately - are in place to guarantee two huge benefits to student-athletes. The first of these is immediate eligibility. Any player who lets his school know in writing that he’s on the market during what the NCAA is calling the “notification-of-transfer window” will be immediately eligible at his new school, provided this is his first transfer.