Former Trump campaign chairman Paul Manafort Paul John ManafortOur Constitution is under attack by Attorney General William Barr Bannon trial date set in alleged border wall scam Conspicuous by their absence from the Republican Convention MORE is reportedly considering an agreement with prosecutors that would involve him pleading guilty on some charges in exchange for avoiding a second trial set to begin this month in Washington, D.C.

A source close to Manafort's negotiations told Bloomberg News that the former Trump associate's lawyers have discussed the number of charges Manafort may admit to and the length of a sentence to be recommended by prosecutors.

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He faces seven separate charges in Washington, D.C., including conspiracy to launder money and failing to register as a foreign lobbyist. Manafort is also accused of acting as an unregistered foreign agent of Ukraine and obstructing justice.

The Washington, D.C., trial follows Manafort's Virginia trial, which ended last month with his conviction on eight felony counts of tax and bank fraud. The federal jury declared a mistrial on 10 other charges.

Manafort is due to be sentenced on those counts later this year.

One of those counts, failing to report foreign bank accounts, carries a maximum of five years in prison; and he was found guilty on two count of bank fraud, which carry a maximum sentence of 30 years.

Manafort's conviction last month marked a victory for special counsel Robert Mueller Robert (Bob) MuellerCNN's Toobin warns McCabe is in 'perilous condition' with emboldened Trump CNN anchor rips Trump over Stone while evoking Clinton-Lynch tarmac meeting The Hill's 12:30 Report: New Hampshire fallout MORE's investigation. Russia and the 2016 election, however, were not major parts of the trial against Manafort. Mueller's more than yearlong probe has charged more than two-dozen Russians in separate plots to use social media to sow discord among the American public and hack into Democratic organizations and U.S. electoral systems.

Manafort has denied the accusations against him, which came about as a result of Mueller's ongoing investigation into possible collusion between the Trump campaign and Russia during the 2016 election.

In addition to Manafort's indictment last month, prosecutors in New York obtained a guilty plea from Michael Cohen, the president's former longtime attorney. Cohen, in pleading guilty, also implicated Trump in a felony campaign finance violation.

Trump, meanwhile, has attacked the Mueller investigation for months, deeming it a "witch hunt" and calling on Attorney General Jeff Sessions Jefferson (Jeff) Beauregard SessionsGOP set to release controversial Biden report Trump's policies on refugees are as simple as ABCs Ocasio-Cortez, Velázquez call for convention to decide Puerto Rico status MORE to end the probe formally.Trump has also accused prosecutors of treating Manafort, whom he called a "good man," worse than famed gangster Al Capone.

-- Updated at 7 p.m.