The date of the surgery hasn't been scheduled, and no recovery timetable has been set.
Chancellor, 25, has dealt with hip discomfort dating back to 2012, but has missed just one game in the past three seasons. The four-year veteran finished last season with 99 tackles, three interceptions and a forced fumble. He made his second Pro Bowl and was named second-team All-Pro.
UPDATE: Chancellor appeared to refute the ESPN report via Twitter: