The rising junior carried 94 times for 526 yards and six touchdowns over two seasons with the Sooners.
"The past 2 years with the Oklahoma Sooners has been a great experience, however after my injury last season I never fully recovered," Ford said in a statement. "Since that time I have had a chance to evaluate my role at OU with my family and have decided it is time to start a new chapter. Despite what the suspension was about I am currently academically eligible to transfer according NCAA rules to another university and have been given a full release by OU. I would like to thank Coach Stoops and Coach (Cale) Gundy for all of their support and I wish the Sooners the best of luck next season."
Ford fell down the depth chart amid the breakout of Samaje Perine, who rushed for 1,713 yards and 21 touchdowns as a freshman last year.
The running back, who was a five-star recruit out of Cypress, Texas, ranked 24th nationally in 247's composite rankings for the class of 2013.
Ford has not indicated where he plans to transfer.
- Alex Putterman