The Meridian, Miss., native recently completed his first season with the Blue Devils after playing his freshman season at Mississippi State. Hood, who also fulfilled the role of team captain, averaged 16.1 points and 3.9 rebounds per game for Duke and earning second-team All-ACC honors.
Wojnarowski's report indicates that Hood and Duke are still days away from an official announcement regarding his decision. Should Hood enter the 2014 draft, he is expected to be a first round pick and could potentially sneak up into the lottery.
The move should come as little surprise to Duke fans as head coach Mike Krzyzewski alluded to Hood's early departure after his team's ACC quarterfinal victory March 15.
"I wish we had him for more than one year, because the growth that he's had in this year is terrific," Krzyzewski said.
Hood would be the second Blue Devil to declare early for the NBA draft this year. Freshman Jabari Parker announced his intention to forego his final three seasons of collegiate eligibility Thursday afternoon.