The opposition leader said he believes the best way to resolve the current Brexit deadlock is a General Election, but he would support another public vote if party members call for it.
Speaking to the Sunday Mirror, Mr Corbyn said: “What comes out of conference I will adhere to.
“But I’m not calling for a second referendum. I hope we will agree that the best way of resolving this is a General Election.
“But I was elected to empower the members of the party.
“So if conference makes a decision I will not walk away from it and I will act accordingly.”
And deputy Labour leader Tom Watson echoed Mr Corbyn, saying the views of party members must be respected.
He said to The Observer: “Jeremy and I were elected in 2015 to give the Labour Party back to its members.
“So if the people’s party decide they want the people to have a final say on the deal, we have to respect the view of our members and we will go out and argue for it.”
The pair’s revelation comes as a poll by People’s Vote revealed that 86 per cent of Labour party members want another referendum.
Mr Corbyn’s comments will add further pressure to Prime Minister Theresa May as she fights to push through her controversial Chequers blueprint.
The Labour leader has repeatedly slammed Mrs May’s Brexit vision, vowing to vote against it in Parliament.
And the Prime Minister’s controversial proposals have been heavily criticised by Remainer and Brexiteer MPs across the political spectrum.
Prominent Brexiteer Jacob Rees-Mogg, leader of the European Research Group, has called on the Prime Minister to scrap the idea in favour of a deal based on Canada’s trade relationship with the bloc.
He said: “There is still no reason to suppose that Chequers can work either for the UK or the EU.
“It is time for the Government to start putting forward as its plan a Canada-style free trade agreement for the whole of the UK.
“This is the most realistic approach and similar to the EU’s proposal.”
In what was a further blow to the Prime Minister, EU bosses rejected her plan at a summit in Salzburg, Austria, this week, leading to Mrs May’s furious speech at 10 Downing Street on Friday.