12:53pm: Robinson and McGary will both be returning to Michigan, reports Jeff Goodman of CBSSports.com.
12:32pm: Michigan prospects Glenn Robinson III and Mitch McGary have a press conference scheduled for later this afternoon, according to the school (Twitter link). The duo will announce at 3:30pm CST whether they'll be declaring for the NBA draft or returning to the Wolverines for next season.
Robinson and McGary played large roles in helping the Wolverines advance to the NCAA championship game earlier this month against Louisville. McGary, in particular, had an impressive tournament that included a 21-point, 14-rebound games against VCU and a 25-point, 14-board game against Kansas.
Both players are ranked within the top 20 at ESPN.com, where Robinson is 14th and McGary is 15th, and at DraftExpress.com, where Jonathan Givony has McGary 16th and Robinson 19th. Nonetheless, Jeff Goodman of CBSSports.com believes the two freshmen could be returning to Michigan for their sophomore years (Twitter link).
If both players enter the draft, it would be a significant blow for a Michigan program that has already seen Trey Burke and Tim Hardaway Jr. decide to go pro. Our complete list of 2013 early entrants is located right here.