In a statement released by the school on Thursday night, Dixon made it clear that transferring was in the best interest of himself and the team.
"It's been a challenging few months and while I appreciate the support of many in the Mizzou community, including my coaches and teammates, it's in the best interest of me, my family and the University of Missouri for me to finish my career elsewhere."
The news also comes hours after the St. Louis Post-Dispatch learned of another incident involving Dixon and a young female in yet another possible sexual assault accusation that was dropped without charges.
Dixon leaves after averaging 13.5 points per game as junior.
Dixon had bee suspended indefinitely by the the University because of the more recent allegations.
The loss of Dixon leaves Mizzou with just three guards currently on the roster.
SEC Preseason Player of the Year will have to continue to handle nearly of the point guard duties going forward.
Senior transfer guard Keion Bell and freshman Negus Webster-Chan figure to continue to play a prominent role at the shooting guard position while head coach Frank Haith waits for sophomore transfer Jabari Brown to become eligible at the end of the semester.