The Reykjavik summit between Putin and Trump could reset western relations with the Kremlin MIKHAIL POCHUYEV/TASS/ALAMY

Donald Trump is planning to hold a summit with Vladimir Putin within weeks of becoming president — emulating Ronald Reagan’s Cold War deal-making in Reykjavik with Mikhail Gorbachev.

Trump and his team have told British officials that their first foreign trip will be a meeting with the Russian leader, with the Icelandic capital in pole position to host the superpower talks as it did three decades ago.

In a bid to reset western relations with the Kremlin, Trump will begin work on a deal limiting nuclear weapons.

Sources who have discussed the plans with officials at the Russian embassy in London say Moscow is set to agree to a summit between the two leaders.

Senior figures in the government fear that a warming of US-Russian…