The visit will be framed as "historic" and is one of several diplomatic breakthroughs Netanyahu hopes to achieve in the run up to the Israeli elections, according to the TOI's report.
The next elections must take place by October of 2026, with the coalition reported to be eyeing a polling date around May.
Prime Minister Netanyahu with then-Egyptian President Hosni Mubarak on July 18, 2010, in Cairo, Egypt (Getty Images)Getty Images
The visit is reportedly being organised by Yechiel Leiter, Israel's US ambassador, who is understood to have taken on the role of Netanyahu's key liaison with Washington and the Arab states following the resignation of Strategic Affairs Minister Ron Dermer.
Another suggestion reportedly on the table is a "trilateral summit" between Trump, Netanyahu and el-Sissi when the latter visits Florida later this month.
The deal is reported to commit Israel to supplying Egypt with gas over the long term and is said to be worth around £35 billion.
However, Energy Minister Eli Cohen has publicly expressed reservations that such an agreement could deplete Israel's own supplies.
"I will not let Netanyahu sign an agreement until all details are ironed out, including the security disagreements we have with the Egyptians," he said.
Asked about the prospective trip to Cairo and the details of the deal, the Prime Minister's Office said: "The matter is not known to us."
It comes after, in another major diplomatic development, it was reported that Taiwan’s deputy foreign minister, François Wu, had secretly visited Israel in recent weeks amid rumours that his country is seeking closer defence cooperation with the Jewish state.
Three sources reportedly told Reuters that François Wu embarked on the unpublicised trip, but would not confirm what was discussed.
Two of the sources reportedly confirmed that the visit occurred in the past month.
The unnamed officials did not disclose whether defence cooperation was discussed during Wu’s visit, including whether there were talks about Taiwan’s new “T-Dome” air defence system, which is partially modelled on Israel’s Iron Dome.
The Taiwanese Foreign Ministry also refused to comment on the reported trip, but did tell Reuters: “Taiwan and Israel share the values of freedom and democracy, and will continue to pragmatically promote mutually beneficial exchanges and cooperation."
