The Irish and British governments are expected to agree to plans for fresh Stormont talks.
Northern Ireland has now been without a power-sharing executive for more than two years.
The Executive collapsed amid the scandal over a botched renewable heating scheme in 2017.
Recent days, however, have seen the political parties in the North facing fresh pressure to restart talks in the wake of the killing of journalist Lyra McKee.
Tánaiste Simon Coveney and the UK's Northern Secretary Karen Bradley are now reportedly set to announce today that a fresh effort to form a new executive will take place.
The Irish Times and Times Ireland Edition both report the talks are likely to be limited to three weeks, and will commence after next week's local elections in the North.
DUP and Sinn Féin
The two largest parties - the DUP and Sinn Féin - have expressed willingness to resume talks, although major differences remain over the terms of any agreement to restore power-sharing.
DUP leader Arlene Foster said her party "stands ready to restore our local government immediately" - but claimed "outstanding issues" should be dealt with separately once Stormont resumes.
She argued: "A parallel process can ensure that we immediately get back to work at Stormont, but that the issues which have held up the restoration of devolution to receive the focus and respect which they deserve in a time-limited process.”
Sinn Féin, however, is calling for the talks to address issues such as marriage equality, women’s rights and the Irish language.
Deputy leader Michelle O'Neill said: “We will enter any process in good faith but, clearly, it must be credible and focused on the issues if it is to be successful.
“The British Irish Intergovernmental Conference should be urgently convened so that both governments working together begin addressing the need to end the discrimination and denial of rights - rights that are available everywhere else on these islands."