Donald Trump plans to hold a meeting with Russian President Vladimir Putin within weeks of becoming president, according to The Sunday Times.

Trump’s first trip overseas as president will reportedly be a meeting with Putin in the Icelandic capital Reykjavik, the U.K. newspaper reported on Saturday evening.

The meeting will address both nation’s nuclear arsenals, the Times said, citing unnamed sources.

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In an interview with the Wall Street Journal on Friday, Trump said he would be open to lifting sanctions on Russia. But he plans on keeping the sanctions in place “at least for a period of time.”

The meeting could be intended to emulate “Ronald Reagan’s Cold War deal-making in Reykjavik with Mikhail Gorbachev,” according to the Times.