Andrew Wiggins will reclassify as a member of the 2013 class.
Wiggins is considering Kentucky and Florida State.
Wiggins could then become eligible for the 2014 NBA Draft should he declare after his freshman season.
"It's time," Mitchell Wiggins said. "It's time for him (to show) that he is the best in college right now. I think he is ready for the next step. Academically-wise he is doing great. Maturity-wise he is doing great. He has a lot of talent. He is ready for the next step, and everybody knows it is time. It is Andrew's time. Next year is coming soon and he is ready."
Wiggins, a native of Canada, is widely considered either the first or second ranked high school player.