This has been in the rumble stages for a month or so now, but this is the first mention from an actual reporter in the wild:

Texas and Michigan are currently negotiating home-and-home football series according to sources. Talks are going well #Longhorns #HookEm — Anwar Richardson (@AnwarRichardson) September 9, 2014

They are "working on dates" that are a decade out, so don't book your plane tickets yet. If this comes to fruition it would be the first games Brandon has booked in the aftermath of Notre Dame's cancellation of the series that come close to the wow factor ND provides.