Teddy Greenstein of the CHICAGO TRIBUNE reports Wednesday:

The Big Red will be joining the Big Ten.

A source with knowledge of the expansion talks has confirmed to the Tribune that Nebraska will be invited to apply for Big Ten membership.

The league has not determined, the source said, whether it will remain at 12 schools or expand to 14 or 16.

Big Ten commissioner Jim Delany said Sunday that the league “could act and act again” - meaning that expansion could occur in phases.

The official website of the University of Nebraska lists “Resolution regarding UNL conference alignment” as being on the agenda of the NU Board of Regents meeting Friday at 1pm CT.

The meeting will not be televised but audio will be available on the official NU website.

Sean Callahan of KFAB-AM in Omaha also has this official statement from NU on Wednesday afternoon: “No action was taken during today’s (Regents executive committee) conference call, and none will be taken prior to Friday’s meeting.”

(Texas Coaches Reportedly Informed Of Move Today)

Chip Brown of Orangebloods.com notes today that Nebraska’s reported move has six other Big 12 schools circling the wagons in preparation for an exodus to the Pac-10.

Sources said the six Big 12 schools would begin participating in the expanded Pac-10 beginning in 2012. That should make for an incredibly uncomfortable next two football and basketball seasons with the schools who could be left behind.

Brown also reports that Oklahoma and Texas A&M have recently been in contact with the SEC about possibly joining that conference, but have since decided to join Texas, Texas Tech, Colorado and Oklahoma State in the move west.