The longtime political strategist was scheduled to stand trial in Washington on charges of conspiracy to commit money laundering, acting as an unregistered agent of a foreign principal, making false statements and obstruction of justice.
In August, in a separate trial in Virginia, a federal jury found Manafort guilty on eight counts of federal tax and banking crimes.
According to court documents, he has agreed to plead guilty on Friday to two criminal counts in the investigation by Special Counsel Robert Mueller.
If Manafort were to cooperate with Mueller, that could provide investigators new evidence or leads to chase; a guilty plea, however, would prevent weeks worth of headlines about the trial in the month before congressional elections.
Manafort has aggressively fought the charges against him and taken shots at his co-defendant, Rick Gates, who cut a deal with prosecutors earlier this year that included a cooperation agreement.
Far-right party with Neo-Nazi roots makes gains in Swedish elections
The Social Democrats won 28.4 per cent of votes, down 2.6 points from the 2014 elections and their worst score in a century. Vote: Jimmie Akesson, leader of Sweden Democrats party, seals his ballot at a polling station in Stockholm yesterday.
Rudy Giuliani, the former New York City mayor who is now representing Trump in the Russian Federation probe, told Reuters on Friday that a guilty plea to avoid a second trial would not crush Manafort's chances of receiving an eventual presidential pardon.
Paul Manafort, President Donald Trump's former campaign chairman.
On Friday morning, the hearing was changed from a pretrial hearing to an arraignment and plea hearing the D.C. District Court announced. But Manafort has not been charged with anything related to the campaign. "MANAFORT generated more than 60 million dollars in income as a result of his Ukraine work". He had been jailed since June as a result of the witness tampering charges.
"It's not going to hurt him if he pleads guilty". The remaining five charges against Manafort will be dropped.
During Manafort's first trial, Judge Ellis often butted heads with federal prosecutors. But even so, the former Trump campaign manager was evidently ready to cut his losses.
Prosecutors "applied tremendous pressure on him and. he refused to "break" - make up stories in order to get a 'deal, ' " the president tweeted last month.