Yeah, according to Millhof's comments the timing is bad to transfer
http://intermatwrestle.com/articles/16709
Millhof came to Oklahoma as the No. 21 recruit in the nation, and earned All-American honors in his true sophomore season. He still has two years of eligibility and a redshirt season available. But because of the timing of these developments, the path to a new school is tricky.
"After Cody stepped down, I asked for a release," Millhof said. "The university gave approval for 'Permission to Contact,' other schools but denied me a release from scholarship. I requested an appeal, which will be heard within the next two weeks."
Because the application window for admission to other schools for the fall semester has passed, Millhof can't transfer out until the second semester. This gives him two options. If he receives his release, he can transfer to a new institution for the spring semester and be eligible right away. But if he loses his appeal, he will still be able to transfer for spring semester, but will be ineligible for 365 days from the date of enrolling in the new school.