"We just made it a couple of days ago," Mudiay told Scout.com. "I felt like it was the right time to do it."
"I'm going to take my visits and see how those go and I'm just going to pray about it," he added.
Mudiay broke down the five schools remaining:
Kentucky: "The name speaks for itself really. Great coaching staff and the history over there is real, real good and I really like coach Cal."
Kansas: "They have a great development program over there with coach [Bill] Self. Everybody that I see go there gets better every year."
Baylor: "It's a big Christian school and I'm a religious guy. I feel like if I go over there and work as hard as I can I think we'd have a chance to do something special."
SMU: "Once again, it's the coaching staff. Larry Brown has been in the game for I don't know how long. He's like the father of basketball. Learning anything from him would be exclusive."
Oklahoma State: "They just have a great school over there and a great program. Marcus Smart is a good friend of mine. He talks about that school all the time. He just tells me how it's a point guard school and changing into a point guard school. Seeing what he did this past year, it really caught my eye."
Mudiay has only scheduled one official visit. He'll be at Kentucky for their midnight madness festivities. Mudiay has already taken unofficial visits to Baylor and SMU. His current plan is to take official visits to the remaining five schools.
Is Mudiay planning a fall or spring decision?
"I don't know right now," Mudiay said. "I really don't know right now.
Mudiay is currently ranked No. 3 overall and as the No. 2 point guard in the 2014 recruiting class.
Evan Daniels and Josh Gershon contributed to this report