Oklahoma QB Caleb Williams Enters NCAA Transfer Portal

University of Oklahoma quarterback Caleb Williams issued a statement on Twitter Monday afternoon, announcing that he was headed into the NCAA transfer portal.

"According to NCAA rules, as a student-athlete, the only way I can speak with other schools and see who may offer the best preparation and development for my future career is by entering the portal," Williams tweeted just after 3 p.m.

Williams emphasized that staying at OU would be an option as part of the process.

Related: Former UCF Quarterback Commits To Oklahoma 

You can read Williams' full tweet below:

Following Williams' tweet, the University of Oklahoma issued its own statement on behalf of head coach Brent Venables and athletic director Joe Castiglione:

"While we believe OU provides Caleb the best opportunity to develop as a player and realize his goals for college and beyond, we respect his right to explore his options following key staffing changes here," per a tweet issued from OU_Football at about 3:15 p.m.

You can read the full tweet below:

This is what News 9 Sports Director Dean Blevins had to say about Williams' decision just moments after the news broke:

This is a developing story. Tune in to News 9 at 4, 5 and 6 p.m. for new details.