Russian President Vladimir Putin has reportedly offered to halt his country’s invasion of Ukraine along the current front lines, according to a Financial Times report published Tuesday. The proposal comes as former U.S. President Donald Trump intensifies efforts to fulfill his pledge to end the war, now entering its fourth year.

Citing sources familiar with the matter, the FT reported that Putin made the offer during a meeting earlier this month in St. Petersburg with U.S. envoy Steve Witkoff.

The report coincides with a diplomatic summit in London, where Western and Ukrainian officials are expected to explore potential resolutions to the prolonged conflict. Speculation is mounting over what concessions may be discussed at the negotiating table.

According to the FT, Putin signaled a willingness to drop Moscow’s claims to parts of Donetsk, Luhansk, Kherson, and Zaporizhzhia—four partially occupied Ukrainian regions.

In exchange, the report suggests, the United States might consider recognizing Russia’s sovereignty over Crimea, which it annexed in 2014, and agree to bar Ukraine from joining NATO—key demands from the Kremlin.

The Kremlin, however, appeared to dismiss the report.

“There are many falsehoods circulating at the moment, including from reputable outlets. We urge people to rely only on official sources,” Kremlin spokesperson Dmitry Peskov told the state-run RIA Novosti news agency.

Meanwhile, Kyiv and its European allies remain firm in their demand for a full restoration of Ukraine’s pre-2014 borders—a stance U.S. Defense Secretary Pete Hegseth recently called “unrealistic.”