All 10 people accused of being undercover Russian agents while living in the United States have pleaded guilty in a court in New York.
The defendants each announced their pleas to conspiracy to act as an unregistered agent of a foreign country on Thursday.
A federal judge ordered all 10 defendants deported immediately from the United States.
Shortly after the guilty pleas, a US prosecutor announced that four people imprisoned in Russia on espionage charges would be released.
"The key provision of the United States-Russia agreement is that the Russian Federation has agreed to release four individuals who are incarcerated in Russia for alleged contact with Western intelligence agencies," said a letter from US Attorney Preet Bharara.
The latest developments came after day-long speculation over the imminent "spy swap" deal.
Earlier during the day, the lawyer and brother of Igor Sutyagin, a nuclear researcher who is serving a 14-year sentence for spying for the US, said he had been transferred to Moscow's Lefortovo prison earlier this week to facilitate the swap.
Dmitry Sutyagin said his brother had seen a list of 11 other convicted spies in Russia who would be traded for the 10 people arrested in the US.
A convoy of armoured vehicles and special riot police beefed up security around the prison on Thursday, thought to be the central gathering point for people convicted of spying for the West.
Police cars and prison trucks entered and left the Lefortovo prison on Thursday but it was unclear if they carried any passengers and no officials were available to comment.
A number of television cameras and photographers jostled for the best position outside the prison in anticipation of what would the the largest spy swap since the Cold War.
Dmitry said his brother could be sent to Vienna, then onto London, as early as Thursday.
Russia's Interfax news agency cited a rights activist as saying that Sutyagin had already arrived in Vienna on Thursday.
But the activist, Ernst Chorny, told the Reuters news agency that he was not certain it was true.
He said Sutyagin's father had received a call from a Western television channel and was told Sutyagin had been seen arriving in Vienna and being met by a British officer.
Dmitry said his brother only remembered one other person on the list of people to be exchanged for the US suspects - Sergei Skripal, a colonel in Russian military intelligence who in 2006 was sentenced to 13 years on charges of spying for Britain.
Ahead of Thursday's hearing, five of the suspects were ordered to New York on Wednesday, joining five others already behind bars there.
"I feel our discussions will probably be resolved by tomorrow one way or another," Robert Baum, a lawyer for Anna Chapman, one of the suspects, told The New York Times late on Wednesday.
Nick Spicer, Al Jazeera's correspondent in Washington, said: "There aren't any spies known to be in [Russian] jails from the United States, so it's not really quite clear who'd be exchanged.
"Whether this one person [Sutyagin] would be exchanged for the ten, if there might be other researchers, there at least four who have been reported in the media as being possibly involved.
"We just really don't know as the officials in both countries are staying mum."
But the machinations, including a meeting in Washington between US officials and the Russian ambassador on Wednesday, had all the hallmarks as the two former Cold War antagonists moved to scale down tensions stirred up by the US arrests last month.
|A lawyer for Chapman said he expected the situation would be resolved on Thursday [AP]
"A swap seems very much on the cards. There is political will on both sides, and actually by even moving it as far as they have, Moscow has de facto acknowledged that these guys were spies," Pavel Felgenhauer, an intelligence analyst, said.
The alleged spies captured in the US are accused of being "deep cover" agents for Russia's SVR intelligence agency who were tasked with infiltrating US policymaking circles.
They were not assigned to collect classified, secret information, a justice department official said.
They were instead apparently tasked to learn about a broad swath of topics including nuclear weapons, US arms control positions, positions on Iran, White House rumours, CIA leadership turnover, the last presidential election, congress and political parties.
This prompted the authorities to charge them with acting as illegal agents of a foreign government, rather than espionage.
Under the present charges the suspects could face up to 25 years in prison.