Kevin Parnham, TJ Malone, and Jack Traynor were also named to the Big Ten's 2023 Players to Watch List.
This is the second consecutive season Parsons has earned the honor.
The tight end is forgoing his final year of eligibility and declaring for the 2023 NFL Draft.
Miles Sanders posted 93 rushing yards and a touchdown in the Eagles' win over the Texans
He'll be honored with an on-campus salute at Beaver Stadium ahead of his induction into the College Football Hall of Fame.
The Nittany Lions dropped their home regular-season finale Tuesday night at Jeffrey Field.