Filing the paperwork, doesn't guarantee that Bagley will be cleared for the 2017 class, but that he's asking the NCAA to review and evaluate his academic standing to potentially do so.
The possibility of Bagley reclassifying was first reported by Jerry Meyer of 247Sports earlier in July and Gary Parrish of CBS Sports said later said it has been out there “for a long, long time.”
Bagley is scheduled to visit the Arizona Wildcats in the first weekend of August, but Arizona (and USC) may have trouble adding the Tempe native if he is granted reclassification.
Arizona and USC both have the maximum 13 scholarship players on their rosters at the moment, meaning they would somehow have to clear a spot to add Bagley.
Duke, which is seen as the leader for Bagley, has a scholarship available, giving it a leg up in the sweepstakes.
However, as Daniels noted, Bagley filing the paperwork to reclassify does not mean the request will be granted.
Follow Ryan Kelapire on Twitter at @RKelapire