As I wrote this morning, Willie Reed's dad says Willie Jr. "very much wants to come back to St. Louis," and, perhaps most relevantly, the family isn't looking at any other schools right now. In effect, the Reeds are giving SLU the right of first refusal. He'll go someplace else only if SLU doesn't allow him back.
This, of course, is only one step in the process, and it's a process that's far from done. Reed has to complete the prescribed steps for readmission. Then he has to be readmitted. Then he has to be eligible. (Since he sat out a semester from school, Reed Sr. said the NCAA has to rule on the matter. That's always fun.) Then he has to be accepted back on the basketball team. Then he and/or others have to decide whether he plays this season.
So many hurdles remain. Will the school forgive and forget? Will he have to face other rules and requirements upon his return? No one really knows, because no one at the school can talk about it. Asked about on Thursday, Rick Majerus said, "I can't talk about him coming back, but I can say I didn't want him to leave." He pointed out it isn't his decision as to whether or not Reed returns. (Nor is it Willie Sr.'s.)
It will likely all play out right before the start of conference play on Jan. 5. Right now, the ball is still in Reed's court as he completes what the school has set forth for readmission. At some point, it will be in the school's court.