The discovery took place off the Pacific island of Nikumaroro.
Responsible for the findings is The International Group for Historic Aircraft Recovery (TIGHAR), an organization that has been searching for Earharts plane for years.
After closely studying sonar results from 2012 they found an image 600 feet below the surface that may be the plane.
TIGHAR’s website says "the most prominent part of the anomaly appears to be less than 32 feet long." Earhart’s Electra aircraft was just under 39 feet long.
Discovery reports the location is near other debris and close to reefs where many believe Earhart landed in 1937 before the plane was swept into the ocean.
“This is exactly what we would expect to see in just the place we would expect to see it," Deutsche Welle said.
Welle is the executive director of TIGHAR and now hopes to gather enough money for more analysis on the sonar data.
The site is also well within the limits of manned submersibles