Cabinet to consider Brexit deal in special meeting on Wednesday
and live on Freeview channel 276
A UK Government source confirmed that agreement had been reached at a "technical level" but Theresa May will need to win the support of her Cabinet.
There has been no official confirmation from either Downing Street or Brussels.
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Hide AdIrish broadcaster RTE reported that a "stable" text had been agreed on the thorny issue of the Northern Irish border.
The broadcaster said the deal involved one overall backstop in the form of a UK-wide customs arrangement, but with deeper provisions for Northern Ireland on customs and regulations.
The developments came after the Prime Minister told Cabinet on Tuesday morning that a "small number" of issues remained to be resolved and her de facto deputy David Lidington described a deal as "almost within touching distance".