Lance Armstrong Reportedly Considering Admitting That he Used PEDs

The Lance Armstrong performance-enhancing drugs saga may finally find some closure.

According to Juliet Macur of the New York Times, Armstrong is considering admitting to the use of performance-enhancing drugs. Armstrong is considering making an official admission so that he can potentially be reinstated into the sport and continue his career.

UPDATE: Saturday, Jan. 5, 2:00 p.m. ET by Donald Wood

Despite a report that disgraced cycling legend Lance Armstrong would come clean about his alleged use of performance-enhancing drugs, Armstrong and his attorney are denying the rumors, according to the AP via FOXSports.com:

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Lance Armstrong's attorney is denying a report that the former cyclist will admit to doping charges that cost him his seven Tour de France titles. Lawyer Tim Herman said he has no knowledge of Armstrong considering a confession.

"When, and if, Lance has something to say, there won't be any secret about it," Herman told The Associated Press.

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How this possible admission would affect his eligibility back into the sport of cycling is still a huge question. As of now, though, no admission is imminent.

---End of Update---

Armstrong, one of the most prolific athletes in the history of cycling, has denied rumors and accusations of steroid and performance-enhancing drug use throughout his career.

After a two-year investigation, the U.S. Anti-Doping Agency determined that Armstrong had in fact used performance-enhancing drugs and blood transfusions throughout his career. As a result, he was stripped of his seven Tour de France titles and received a lifetime ban from the sport.

Armstrong was given the opportunity to appeal the decision, but elected not to at the time, citing that he was tired of fighting accusations.

According to the report, Armstrong’s lawyer, Tim Herman, denies that Armstrong will admit to doping but didn’t rule out the possibility.

"I do not know about that. I suppose anything is possible, for sure. Right now, that’s really not on the table," Herman said.

Armstrong last competed professionally in 2011 for Team RadioShack. At 41 years old, it would be interesting to see what the great cyclist has left in the tank. However, it would appear that he will have drop the denial act if he wants to compete again.

Be sure to stay tuned to Bleacher Report as more information becomes available on this story.