West Memphis Three Breaking News

According to TMZ, two of the three men known as the West Memphis Three, or WM3, may be getting out of jail after "admitting guilt". I'm not quite sure how that works, but this is a huge update with them.

One of the men possibly getting out of jail is reported to be Damien Echols, who was the one of the three that was put on death row.

"The WM3 -- comprised of Damien Echols, Jessie Misskelley and Jason Baldwin -- were each sentenced to life in prison for the killings of Stevie Branch, Michael Moore, and Christopher Byers -- whose mutilated bodies were found in a wooded area in West Memphis, Arkansas in May 1993.

For years, Echols, Misskelley and Baldwin have claimed they were 100% innocent of any crime -- and their plight caught the attention of HUGE Hollywood stars like Johnny Depp and Winona Ryder ... who rallied for their release from prison.

But now, according to WREG-TV, two of the men -- one of whom is reported to be Echols -- have apparently changed their tune in exchange for their release from prison ... though it's unclear when the men will be released.

It's also unclear WHY the men would be released if they're confessing to such a heinous crime."

We'll keep you updated as the story continues to unfold.