CU coach Mike MacIntyre met with Wood to discuss his future with the program Wednesday and the two planned to meet again Friday, sports information director Dave Plati said.
Wood began last season as the Buffs' starting quarterback but was replaced midway through the season by freshman Sefo Liufau. Wood completed 84 of 157 passes for 1,103 yards and eight touchdowns. He also threw seven interceptions and appeared to lose confidence as the season wore on.
Wood originally signed with Texas out of high school but opted to transfer to Colorado after training camp of his redshirt freshman season. He made one start for the Buffs during his sophomore season in 2012.
If Wood does choose to give up football or if he leaves CU to transfer to a smaller school, he would be the second quarterback to leave the program this offseason and the fifth signal-caller to leave in the past two years.
He would also leave MacIntyre with no real major college experience behind Liufau heading into his sophomore season. The only other quarterback on the CU roster with any playing experience at the college level is Jordan Gehrke, who played as a freshman at Scottsdale Community College in 2012 before transferring to CU last summer.
Without Wood on the roster this spring, MacIntyre would have just two quarterbacks for 15 practices, making it difficult to conduct the high number of practice repetitions he wants.