CBS News owner Paramount Global is reportedly ready to settle President Trump's $20 billion lawsuit over the "60 Minutes" interview last year with then-Vice President Kamala Harris.

Paramount's board has drafted acceptable financial terms for a potential settlement with Trump, The New York Times reported Tuesday, citing anonymous sources. However, the exact dollar amount is unclear.

Trump's lawsuit alleges the TV news network deceptively edited a "60 Minutes" interview with Harris, who at the time of the interview was also the Democratic nominee in the presidential race.

In January, The Times reported that Paramount was having conversations with Trump to settle the lawsuit, which at the time was for $10 billion, before Trump increased it to $20 billion in February.

Last week, the executive producer for "60 Minutes" said he was stepping down from his role because he could no longer objectively oversee the show as it faces backlash over Trump's lawsuit.

Earlier this month, Trump posted on Truth Social that he is "so honored to be suing 60 Minutes, CBS Fake News, and Paramount, over their fraudulent, beyond recognition, reporting," adding that the network did everything possible to "illegally elect" Harris and that it "must be responsible for what they have done and are doing."

"They should lose their license! Hopefully, the Federal Communications Commission (FCC), as headed by its Highly Respected Chairman, Brendan Carr, will impose the maximum fines and punishment, which is substantial, for their unlawful and illegal behavior," Trump added. "CBS is out of control, at levels never seen before, and they should pay a big price for this. MAKE AMERICA GREAT AGAIN!"