On Wednesday Texas A&M officials notified the Big 12 of their intention to seek a new conference, setting up a likely move to the SEC.

Aggies president R. Bowen Loftin, sent a letter to the Big 12 informing the conference that their affiliation with the University will end effective June 30, 2012β€”if the university’s application is accepted by the new conference.

Despite the SEC publically stating that it’s their intention to remain a 12 team conference, a high-ranking SEC official recently notified the Sporting News that the Aggies invitation could come quickly.
The Sporting News further states that A&M would prefer the invitation come before the start of the season.
β€œAfter much thought and consideration, and pursuant to the action of the (Texas A&M University System) Board of Regents authorizing me to take action related to Texas A&M University’s athletic conference alignment, I have determined it is in the best interest of Texas A&M to make application to join another athletic conference,” Loftin wrote to Big 12 commissioner Dan Beebe in a letter Wednesday.
The Aggies however aren’t getting away from the Big 12 without penalty. It is expected that Texas A&M will be hit with a $12-$15 million dollar termination fee for leaving the conference, money that the Big 12 will likely use to lure another school.
Among the potential targets to replace Texas A&M include BYU, TCU, Notre Dame, Pitt and possibly Arkansas though at this point it is very unlikely that Arkansas leaves the SEC for a fledgling Big 12.
The SEC will also need a 14th if they were to get Texas A&M. Some of the teams they could potentially target include Virginia Tech, Louisville, Missouri and Maryland.
Source: Sporting News