No, just means his roster spot will be available with a medical redshirt. NCAA rules say you can have 15 on the roster for a game, so even with his scholarship still in use and still a need for a NIL scholly for Godwin with Fears joining, it also gives them two spots available on the roster. Previously, Lovelace and Moser would fill those spots as walk-ons.
With the injury, Fears makes 13 + 2 traditional walk-ons. So there's room for Parker, and Taylor (or whoever), if they want them and are willing to come. If I did my math correctly!