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Colorado, Big 12 Reportedly in 'Substantive' Talks After Deion Sanders Hire

What's old might become new again.

Dennis Dodd of CBS Sports reported Tuesday that Colorado has held "substantive" talks with its former conference, the Big 12, about a potential return. Those talks have apparently included face-to-face meetings as the Buffaloes consider a potential exit from the Pac-12.

Dodd noted a move away from the Pac-12 is not a surefire thing and explained the school is "performing due diligence" and is "in wait-and-see mode regarding a new media rights deal that has yet to be solidified."

This article will be updated soon to provide more information and analysis.