By Jen Heger - Breaking Celebrity News Legal Editor

Redmond O'Neal formally pled no contest this morning to felony possession of heroin and firearms charges, and will be released from jail Wednesday and will enter a one year inpatient rehab treatment program, Breaking Celebrity News is exclusively reporting.

O'Neal had been in jail since his arrest two weeks ago, because of a prior conviction of heroin possession.

O'Neal's legal powerhouse team of Richard Pintal and Michael Brewer convinced Judge Keith Schwartz this morning that Redmond should go back to rehab, and not jail.

O'Neal also admitted to the probation violation for being arrested while still on felony probation from his heroin possession case two years ago. Redmond will be released from jail Wednesday, and will immediately go to an undisclosed rehab location.

"Redmond is grateful for the opportunity to receive additional intensive treatment," Richard Pintal tells Breaking Celebrity News exclusively. Redmond will be on formal probation for five years, and Judge Schwartz warned O'Neal that if he is arrested again, he will be going straight to sate prison.