The junior announced his decision on Tuesday. He had 62 receptions for 733 yards and four touchdowns this season.
Funchess says in a release that it has been his dream to play in the NFL and he's ''prepared to take the next step'' on that journey.
The announcement comes a week after coach Brady Hoke was fired. The Wolverines struggled to a 5-7 record this season.
Funchess had 126 receptions for 1,715 yards and 15 touchdowns in 37 career games at Michigan.