How do I properly initialize the ethernet peripheral in CubeMX for the F7?

I'm new to embedded systems development and am trying to create a simple TCP client on my F769NI-DISCO board. I am depending on CubeMX to do most of the low level hardware initialization as my background is in higher level software engineering. I am trying to create a simple project using FreeRTOS and LwIP; however, I cannot get the ethernet peripheral to initialize.

After some debugging, the problem seems to be coming from the HAL_ETH_Init function. A check is done on the return value of this function and if it is equal to HAL_OK, the NETIF_FLAG_LINK_UP is set on netif->flags. Problem is, this function is returning HAL_TIMEOUT, so the link is never "brought up." Inside HAL_ETH_Init, this is the block of code that seems to be responsible for returning this HAL_TIMEOUT status to me:

/* Wait for software reset */
 while (((heth->Instance)->DMABMR & ETH_DMABMR_SR) != (uint32_t)RESET)
 {
 /* Check for the Timeout */
 if((HAL_GetTick() - tickstart ) > ETH_TIMEOUT_SWRESET)
 { 
 heth->State= HAL_ETH_STATE_TIMEOUT;
 
 /* Process Unlocked */
 __HAL_UNLOCK(heth);
 
 /* Note: The SWR is not performed if the ETH_RX_CLK or the ETH_TX_CLK are 
 not available, please check your external PHY or the IO configuration */
 
 return HAL_TIMEOUT;
 }
 }

What does this exactly mean and how can I fix it?