On Tuesday night, the Buffaloes moved up to No. 12 in the College Football Playoff rankings. They were No. 15 in the CFP's initial rankings last week.
The top four teams in the CFP rankings released on Dec. 4 will play for the championship. With two losses already, CU (7-2, 5-1 Pac-12) may have a tough time getting into position for the title, but sitting at No. 12 with four weeks to go gives the Buffs a shot.
Publicly, the Buffs, ranked No. 16 in the Associated Press poll and No. 15 in the USA Today Coaches poll, say they aren't concerned with the rankings at this point.
"The rankings come with the wins and it's a nice honor or blessing," quarterback Sefo Liufau said. "We just want to focus on this week (at Arizona)."
Earlier on Tuesday, head coach Mike MacIntyre said he wasn't planning to watch the show to reveal the latest Top 25.
"(Associate athletic director/sports information director) Dave Plati will call me tonight and tell me what we're ranked," MacIntyre said. "I won't watch it. I'll be here watching Arizona and watching our practice film and talking to some of our kids and coaches and recruiting and everything we do.
"I won't worry about all of that until the end (of the season). I will say, though, the more we're on television, the more we're ranked, I do notice it helps recruiting.
CU is one of five Pac-12 teams in the CFP Top 25, joining Washington (9-0) at No. 4, Utah (7-2) at No. 15, Southern California (6-3) at No. 20 and Washington State (7-2) at No. 23.
On Tuesday, the top three remained unchanged from last week, as Alabama (9-0) sits at No. 1, Clemson (9-0) at No. 2 and Michigan (9-0) at No. 3.
The undefeated Huskies moved up from No. 5 after last week's No. 4, Texas A&M, lost to Mississippi State.
In the previous two seasons of the CFP, the highest end-of-season ranking for a two-loss team came last year, when Stanford was ranked No. 6 with an 11-2 record.
Contact staff writer Brian Howell at firstname.lastname@example.org or twitter.com/BrianHowell33.