Updated at 1:23 p.m. E.T. with the statement from the White House.
President Donald Trump is reportedly prepared to pardon former Vice President Dick Cheney's chief of staff, Lewis "Scooter" Libby, ABC News reported.
Libby will be the second person granted a pardon by Trump.
What's the story?
In 2007, a jury convicted Libby for obstruction and lying to FBI agents during an investigation into the leaking of the identity of former CIA agent Valerie Plame.
Libby had also publicly denied being the source of information, but several people testified that they received Plame's information from him.
The leak occurred in 2003 after Plame's husband, former Ambassador Joseph Wilson, began criticizing the George W. Bush administration.
“My name and identity were carelessly and recklessly abused by senior government officials in both the White House and the State Department,” Plame told Congress in 2007, NBC News reported at the time.
Syndicated columnist Robert Novak revealed Plame's identity in a column, which she said destroyed her career.
"I felt like I had been hit in the gut, it was over in an instant, I immediately thought of my family's safety," Plame said.
Cheney called on then-President George W. Bush to pardon Libby.
Bush refused to grant Libby's pardon, but he did commute his 30-month prison sentence, stating at the time that it was "excessive."
Libby's conviction, a $250,000 fine, and probation terms remained in place.
Since his conviction, the 67-year-old has regained his voting rights, and his law license has been restored, according to USA Today.
Many conservatives, including Joe diGenova, a close adviser to Trump, have urged the president to pardon Libby.
Last year, Trump pardoned former Arizona Sheriff Joseph M. Arpaio after he was convicted for criminal contempt of court for refusing to comply with orders to stop arresting illegal immigrants.
What did the White House statement say?
White House Press Secretary Sarah Sanders released a statement regarding Libby's presidential pardon.
"Today, President Donald J. Trump issued an Executive Grant of Clemency (Full Pardon) to I. 'Scooter' Lewis Libby, former Chief of Staff to Vice President Richard Cheney, for convictions stemming from a 2007 trial. President George W. Bush commuted Mr. Libby’s sentence shortly after his conviction. Mr. Libby, nevertheless, paid a $250,000 fine, performed 400 hours of community service, and served two years of probation.
In 2015, one of the key witnesses against Mr. Libby recanted her testimony, stating publicly that she believes the prosecutor withheld relevant information from her during interviews that would have altered significantly what she said. The next year, the District of Columbia Court of Appeals unanimously reinstated Mr. Libby to the bar, reauthorizing him to practice law. The Court agreed with the District of Columbia Disciplinary Counsel, who stated that Mr. Libby had presented 'credible evidence' in support of his innocence, including evidence that a key prosecution witness had “changed her recollection of the events in question.”
Before his conviction, Mr. Libby had rendered more than a decade of honorable service to the Nation as a public servant at the Department of State, the Department of Defense, and the White House. His record since his conviction is similarly unblemished, and he continues to be held in high regard by his colleagues and peers.
In light of these facts, the President believes Mr. Libby is fully worthy of this pardon. 'I don’t know Mr. Libby,' said President Trump, 'but for years I have heard that he has been treated unfairly. Hopefully, this full pardon will help rectify a very sad portion of his life.'”