According to the FT, which quotes “people familiar with the matter”, Putin made the proposal during a meeting with US envoy Steve Witkoff in St Petersburg earlier this month.
The Russian leader indicated he would be willing to withdraw Moscow's claims to parts of Donetsk, Luhansk, Kherson and Zaporizhzhia -- four regions it partially occupies -- the FT reported.
The Kremlin appeared to deny the claims.
Kyiv and its European allies have demanded a complete restoration of Ukraine's pre-2014 borders, a position that US Defense Secretary Pete Hegseth has described as “unrealistic”.
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