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Michigan QB Brandon Peters Reportedly Enters Transfer Portal

General view of Michigan Stadium during a game between the Indiana Hoosiers and Michigan Wolverines.

ANN ARBOR, MI - NOVEMBER 19: General view of Michigan Stadium during a game between the Indiana Hoosiers and Michigan Wolverines on November 19, 2016 at Michigan Stadium in Ann Arbor, Michigan. Michigan won the game 20-10. (Photo by Gregory Shamus/Getty Images)

The Michigan quarterback room took a significant hit on Saturday morning.

According to a report from college football insider Cole Cubelic, Wolverines backup quarterback Brandon Peters entered his name into the transfer portal.

After a meeting with head coach Jim Harbaugh last week, Peters decided it was time to move on from the Michigan football program. He traveled with the team to South Africa and has only nine hours left to receive his degree from the university when he returns.

Here's the news from Cubelic.

Peters finished his Michigan career with 680 passing yards, four touchdowns and three interceptions. He found himself in the starting role during the 2017 season, but Shea Patterson's decision to transfer to Michigan was the beginning of the end for Peters.

After Patterson announced his plans to return for another season, most expected Peters to move on from the program.

The former four-star quarterback recruit will have two years of eligibility left. He'll be immediately eligible to play for his new program as a graduate transfer.

Peters held offers from 12 other programs before announcing his plans to play for Harbaugh - including Iowa, LSU and Nebraska.

Stay tuned for an official announcement from Peters and where he plans to play next.