Olmert said he is ready to seek a resumption of negotiations based on an international peace plan, The New York Times reported.
Olmert's announcement Sunday came at a joint news conference that followed his meeting with Egyptian President Hosni Mubarak at the Red Sea resort of Sharm el Sheik. Mubarak has offered to mediate between the Israelis and Palestinians, the newspaper said.
"I intend to meet with Chairman Abbas in order to make continuing progress," Olmert said. "I really hope that our Palestinian partners will take advantage of this opportunity and will implement all their commitments so that it will be possible to proceed."