Penn State guard Jermaine Marshall, who left the program back in May to pursue a professional career overseas, received his release and intends to transfer to another school to play his final season in college.

Marshall's father, Jerome, said Monday that his son has not signed with an agent, will graduate on Aug. 10 and is expected to be eligible to play next season.

"He looked at playing professionally but decided he wanted to play another year in college," Jerome Marshall told ESPN.com. "He received his release on Friday and he doesn't know where he wants to go yet."

Marshall averaged 15.3 points this past season as a junior for the Nittany Lions and had 25 points in an upset over Michigan on Feb. 27. He also led Penn State in 3-pointers (59) and steals (45).

The Nittany Lions finished 10-21 overall and last in the Big Ten with a 2-16 mark, but will bring back star guard Tim Frazier -- who missed nearly all of last year with a torn Achilles -- and D.J. Newbill.

Marshall will become a sought-after player on a transfer wire that has risen to more than 450 players since April.

Jeff Goodman covers college basketball for ESPN.com.