Israeli Prime Minister Benjamin Netanyahu has discussed a new Egyptian proposal for a prisoner exchange with Hamas during a briefing session that included Israel’s negotiation team and heads of security agencies, Anadolu reports citing Israeli media.

Channel 12 said that Netanyahu held a review session regarding the Israeli hostages in Gaza, without providing further details. According to the channel’s sources, the Egyptian proposal includes “the release of eight living Israeli hostages in exchange for a 50-day ceasefire”.

Channel 12 also said the proposal includes moving on to discussions for the second phase of the deal after the release of the eight hostages.

Israeli officials told the channel that “the chances of reaching an agreement are increasing.”