The American Athletic Conference (AAC) is preparing for exit of the University of Cincinnati, the University of Central Florida, and the University of Houston with conversations behind the scenes for replacement schools. Recently The Athletic's Brett McMurphy reported that Colorado State and Air Force (after SDSU and Boise State reportedly turned down the AAC) would potentially leave the Mountain West Conference to join the American Athletic Conference. On Friday (10/1/21), it appears that no Mountain West teams will be joining the American according to Pete Thamel/Yahoo!.

Mike Aresco and the American Athletic Conference issued a statement suggesting there was indeed "no offer" for Mountain West schools to join the American Athletic Conference.
Indeed the University of Memphis has made no secret that it wants to join the Big 12 or a Power 5 conference. FULL COVERAGE ON 92.9 FM ESPN.