Per ESPN, Phillip Ely is transferring to Toledo. Most likely because of the QB haul they took in the past year...three of them in total. He hasn't had much of an impact (3 for 4, 42 yds and one TD last season), but it seems like now they're pretty bottom heavy on talent moving forward.
Of note, Ohio State and Illinois were in the running to get him.
Edit: Fixed Ohio to read Ohio State. Apologies.