The drops strike me as the main issue. If he doesn't run routes well, doesn't like to block, wants to avoid contact and drops the ball a lot, I'm not sure a position change will help all that much. If he doesn't get that stuff corrected, he won't last through preseason camp in the NFL.
My inside information is exactly zero. But given this year's performance -- especially in the second half of the season -- and the body language on the sideline in the barn, I expect a transfer. Either following Shephard to OSUw or possibly to Kiffin at LSU.
I'd bet a lot of money that both are already in his ear.
If he does transfer, it'll be some bad publicity. But it won't be all bad for us. It would free up a lot of pay-for-play money and remove what has to have become a distraction for the players and coaches. And costs us a player who, despite incredible potential, has unreliable hands and just hasn't performed all that well.