Once reinstated, Ealey suffered a strained hamstring and missed almost every practice.
In the wake of all the offseason turmoil, Georgia and Ealey have decided to part ways.
"Washaun and I have had several conversations in recent weeks," said coach Mark Richt. "We both have come to the conclusion that a transfer to another institution would be in his best interest."
A rising junior from Stillmore, Ga., Ealey has played in 21 games including nine starts during his two-year career at UGA and rushed for 1,528 yards (717 in 2009 and 811 in 2010).
Ealey's career has been a scattered story of drastic highs and subsequent lows.
He was suspended for one game in 2010 after a misdemeanor hit-and-run violation. He also had two costly fumbles, one against South Carolina and another at Mississippi State.
Later in the season, Ealey tied a team record with five rushing touchdowns against Kentucky.
With still two seasons of eligibility left, Ealey now will play elsewhere.