rumor has it that
rumor has it (that)
It is being rumored that. Rumor has it that the boss is using the company profits to pay off his own gambling debts. No one is certain where the money went, but rumor has it the CEO has been embezzling the funds into offshore accounts.
See also: rumor
rumor has it that...
there is a rumor that... Rumor has it that Fred is seeing Mary and that they are engaged.