The ACC expansion talks centered around the potential additions of Cal, Stanford and SMU have not gone away.

According to a Wednesday afternoon report from ESPN’s Pete Thamel, those talks have resumed and there is “serious consideration” from the ACC on a potential deal to add the 3 schools. Thamel also reports a group of ACC presidents met Wednesday to discuss financial models that would be a part of the additions.

Per Thamel, those models would be expected to include “significant” concessions from the schools being added. Additional meetings are expected this week from ACC leaders and a “realistic timeline” for a final decision is about one week.

Fans likely remember the league fell one vote shy of potentially adding the trio of teams recently. If all the yes votes remain the same, the ACC needs just one of UNC, NC State, Clemson or Florida State to flip to a yes vote.

Thamel’s report includes the expectation of a pool of money created by the ACC adding these programs, and leadership within the league is discussing how that additional money should be divided up. One of the expected concessions includes SMU following through on its reported proposal of taking no media revenue for its first 7 years in the league.

Thamel’s full report via a social media thread can be seen here.