Updated

A person familiar with the situation says Loyola of Chicago has accepted an invitation to the Missouri Valley Conference and is leaving the Horizon League.

The person, speaking Sunday on the condition of anonymity because the move has not been announced, says some details were still being finalized. A formal announcement is expected this week, with the move taking effect on July 1.

Several outlets reported the switch over the weekend. It comes at a busy time for the school.

Loyola hired Sheryl Swoopes as women's basketball coach last week, hoping the three-time WNBA MVP can raise the profile of that program. The school in recent years has opened a new multipurpose athletic facility and remodeled its arena.

Loyola replaces Creighton, which jumped to the new Big East.