UPDATE: Oklahoma released a statement Thursday afternoon confirming that the rivalry with Nebraska has officially been renewed. All the details, with respect to the years in which the game will be played and which of those will be in Norman and Lincoln respectively, appear to have been correct in the original Omaha World Herald report.

According to a report from the Omaha World Herald, Oklahoma and Nebraska have reached an agreement to renew their rivalry with a home-and-home series starting in 2021. The story states that the first game is expected to be in Norman with the Sooners making the return trip to Lincoln in 2022.

There has been talk from both sides about renewing one of the most respected rivalries ever since the Huskers left the Big 12 Conference. It's something everyone involved, from the schools to the respective fanbases, had expressed a great deal of interest in so news of a pending agreement is very exciting (even if they are nine years away).

(1 of 2) Barry Switzer, on OU-Neb series beginning in 2021: "Why would I give a damn about that? I'm probably not gonna be around." #Sooners

— Jason Kersey (@jasonkersey) November 6, 2012

(cont.) Switzer laughed and said, "No, I'll plan on making that one. In 2021, I'll be 85. I can make that." #Sooners

— Jason Kersey (@jasonkersey) November 6, 2012

So what say you, OU fans? Are you excited about this news? Let us know what you're thinking in the comments.