Classes will resume Thursday. Engineering classes will resume Monday, according to the Daily Bruin.
Update 12:10 p.m. (all times local)
According to Charlie Beck, the chief of the LAPD, there is "no continuing threat to the campus" and officials are releasing students from the lockdown.
"The campus is now safe," and "the issue that has occurred has been contained," Beck said.
Beck confirmed that one of the two men found dead was the suspected shooter and that there are no suspects outstanding.
Both of the deceased men were killed via gunshot wounds in an apparent murder-suicide. A homicide investigation will ensue.
"There is no evidence to support a outstanding suspects at this point, but out of an abundance of caution we are going to continue our search of several of the buildings adjacent to the crime scene," Beck said.
Update 11:37 a.m.
Chief James Herren of the UCLA police confirmed two men were found dead inside the engineering building at UCLA's campus. It's unclear if either of the men is the suspected shooter.
Herren reported that an investigation is ongoing to locate any other victims and the suspect or suspects.
A lockdown remains in place on campus.
Update: 11:15 a.m.
Two victims that were previously reported as "down," were confirmed dead by the Los Angeles Police Department during a shooting at UCLA, KTLA reported.
The "Daily Bruin," the school's student-run newspaper, and the Associated Press reported that a campus spokesperson also confirmed the deaths.
A shooting was reported at the University of California, Los Angeles engineering building Wednesday, Reuters reported.
The "Daily Bruin" tweeted that the incident was occurring at an engineering building on campus around 10:00 a.m. local time. Students were encouraged to take shelter in secure locations and deny entry to intruders.
"Police yelling at everyone in Boelter to evacuate immediately," bioengineering student Bahjat Alirani posted on Twitter. "I was in Boelter and I just see police spread around in the building yelling at everyone to run."
Boelter Hall is a part of the university's school of engineering and applied science.
The newspaper later reported the 419-acre campus as being on lockdown.
The "Daily Bruin" also reported that professors were asked to cancel classes and notify students of cancellations in the next few hours.
Details surrounding the alleged shooter are unclear, but the "Daily Bruin" reported the suspect as a white male about 6 feet tall wearing a black jacket and black pants.
The "Daily Bruin" reported two victims, according to a police scanner. Their conditions are unknown.
Final exams were to begin next week at the school.
UCLA has 43,00 students. It is the most applied-to university in the nation, according to the university's website. For the fall of 2015, more than 92,000 freshman applications were received.