Originally Posted by
Sinryc
Okay let me make this more clear for everyone.
If you had a soulbound pet, like a captured firefly, or anything of the like, it is no longer soul bound. You have to learn it and it will disappear.
When I first got my captured firefly from questing, I thought it was a common drop since I hadn't killed a lot, and it became soulbound. Found out how much it was worth, got pissed off, but it in my bank and could never get rid of it. Now Its not soulbound, so I can sell it now. yay.
So yeah, I guess its like Baalah said.
Any pets that were BOP are no longer soul bound and can be traded. You won't have them or have them learned or anything, but you can make a lot of cash.