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Coach Rich Rodriguez said Floyd suffered ligament damage and will undergo surgery. The ankle isn't broken, but Floyd could be out through practice next spring.Floyd has started all eight games for Michigan and ranks third on the team in tackles with 66. He has an interception, a forced fumble and four pass breakups.
Floyd's injury is the latest mishap for Michigan at the cornerback spot, which has had player departures and a preseason injury to projected starter Troy Woolfolk. True freshman Courtney Avery is expected to start in Floyd's spot Saturday against Illinois.
Senior James Rogers is the only non-freshman available at cornerback.
"We're pretty young in the secondary," Rodriguez said. "We're getting younger."
Rodriguez also said safety Mike Williams [concussions] and receiver Martavious Odoms [foot] likely won't return this season. Running back Fitzgerald Toussaint [shoulder] likely won't play Saturday, Rodriguez said.
Adam Rittenberg covers Big Ten football for ESPN.com. He can be reached at firstname.lastname@example.org