The PM is currently negotiating a deal with the US Obama administration in which Israel will freeze construction activity in West Bank settlements for several months in exchange for US security guarantees, according to the reports.

Palestinian President Mahmoud Abbas, in the meanwhile, said that the Palestinians still hope that the US would succeed in brokering a halt to Israel's building in the West Bank.

In an effort to prevent the collapse of the talks, which reached an impasse in late September following Israel's refusal to extend the settlement construction moratorium, US President Obama reportedly offered the Jewish state a tempting security package, which included, among other things, more F-35 fighter jets free of charge, early warning radar stations and continued Israeli military presence in the Jordan Valley following a withdrawal from the West Bank in a future peace agreement with the Palestinians.

While the future of the stalled talks remains uncertain, the Israeli PM is now seeking to secure a substantially upgraded package from Washington, aimed to meet Israel's security needs in the coming decade, including advanced missile-defense systems and access to real-time intelligence from US satellites, Israeli daily Yediot Aharonot reported.