Lance Armstrong is reportedly planing to come clean about his doping scandal to Oprah Winfrey, according to sources for USA Today.

Armstrong, 41, who was banned from cycling and stripped of his seven Tour de France titles last year, is scheduled to tape an interview with Winfrey on Monday at his home in Austin, Texas. The segment will air Thursday on the Oprah Winfrey Network, and Armstrong will "admit to doping throughout his career but probably will not get into great detail about specific cases and events," the insider reveals.

Armstrong has denied using performance enhancing drugs for years, but back in October the U.S. Anti-Doping Agency released substantial evidence that showed otherwise. In addition to losing his titles and being banned from the sport, Armstrong was dropped by his sponsors dropped him and forced to step down from his cancer charity Livestrong.

Armstrong does run the risk of being sued or held liable by individuals who believe he defrauded them by lying about doping, and though it's not likely, he could face criminal prosecution as well, since he testified under oath in 2005 that he never used drugs. While his admission will not lift the ban, if can provide substantial assistance to doping officials USA Today reports that it could be considered in reducing his ban.