Last month, Police say they found Harry and Lorraine Brown Bear dead in their home with multiple stab wounds.
Reports from today's court case in Outagamie County say Reed admitted to his involvement in the murders.
Police also found his DNA matched blood samples taken from the crime scene.
Prosecutors in Outagamie County say an alcohol-fueled argument preceded the slaying of a couple on the Oneida Indian Reservation.
Reed admits he had been drinking at the Brown Bears' home the night of their death. When a heated argument broke out, Reed says he picked up a knife and stabbed the couple.
Reed is being charged with two counts of first degree intentional homicide.
His bond has been set at $1 million and he is scheduled to appear in court again on October 20.