Cabinet ministers have been invited to read the elements of a draft withdrawal agreement that have been agreed with Brussels this afternoon.
Last month, the Prime Minister told MPs that 95 per cent of a Brexit deal had been agreed, but the deal had not addressed measures to avoid a hard border with Ireland.
A Downing Street source said: "That is just where we are so far. It does not imply that a deal has been done."
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Theresa May told Ministers earlier this week that there would be another cabinet meeting before an agreement was settled, although her official spokesman said no meeting had been scheduled ahead of the weekly gathering next Tuesday.
Speculation that a deal was close to being secured was fuelled by leaked documents seen by the BBC, which reportedly set out how the Prime Minister would sell an exit package to Parliament and members of the public.
However, a government spokesperson denied that the Brexit blueprint was an official document.