Point guard John Wall has been cleared to play basketball for Kentucky by the NCAA, the school said on Friday.
Wall must repay expenses and sit out for two games, the first exhibition game against Campbellsville on Nov. 2 and the regular-season opener against Morehead State on Nov. 13.
"I'm grateful to have this decision behind me," Wall said in statement. "All I ever wanted was to go to school and play ball with my team. This has been really hard for my mom and I want to thank her for her support during this process."
The repayment of expenses includes $787.58, mostly from travel during Wall's unofficial visits to schools his junior year of high school.
Wall's status had been up in the air as the NCAA investigated the relationship between Wall and Brian Clifton, his former AAU coach. Clifton was a certified agent for a period during Wall's recruitment, and the NCAA looked into whether Wall accepted any illegal benefits from Clifton during that time.
Wall was considered one of the top prospects in the country when he signed with the Wildcats, who are ranked fourth in the preseason Top 25. The school had been working with the NCAA for several months to clear up his status.
Kentucky athletic director Mitch Barnhart said he was "appreciative" of the NCAA's willingness to listen while coach John Calipari added he was happy the situation had been resolved.
Wall will be able to play in Kentucky's exhibition game against Clarion on Nov. 6, and will be eligible to make his regular-season debut against Miami (Ohio) on Nov. 16.
The Associated Press contributed to this report.