CAIRO, July 3 (Reuters) - Egypt's state-run Al-Ahram newspaper said it expected President Mohamed Mursi would either step down or be removed from office on Wednesday when a deadline set by the army for resolving the country's political crisis expires.

Egypt's flagship state daily said an army road map for the future would set up a three-member presidential council to be chaired by the head of the Supreme Constitutional Court.

"Al-Ahram learnt that with the end of the 48-hour period set by the armed forces ... it is expected in the hours that follow it, one of two things: either Mursi announces his resignation himself, or the declaration of his removal through the road map for the future set out by the armed forces," it said.

Al-Ahram said the road map would set up a neutral transitional government to be headed by a military leader. The transitional period would last nine to 12 months in which a new constitution would be drafted to set out a path to presidential elections. (Writing by Tom Perry/Shaimaa Fayed; Editing by Alison Williams)