President Trump Donald John TrumpSteele Dossier sub-source was subject of FBI counterintelligence probe Pelosi slams Trump executive order on pre-existing conditions: It 'isn't worth the paper it's signed on' Trump 'no longer angry' at Romney because of Supreme Court stance MORE's former longtime personal attorney Michael Cohen is exploring a possible plea deal with federal prosecutors in Manhattan regarding banking and tax fraud matters, NBC News reported Tuesday.

Multiple sources told NBC News that Cohen and prosecutors have not yet reached a deal, but one could be hashed out as soon as Tuesday.

The U.S. Attorney for the Southern District of New York’s office is running the probe, but any cooperation could extend to other federal investigations.

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Beyond banking and tax fraud matters, Cohen is being investigated for alleged campaign finance violations for his role in alleged hush money payments he coordinated with women who claimed to have had sexual encounters with Trump years ago.

Cohen, who for years served as Trump's personal attorney and "fixer," began signaling earlier this year that he may cooperate with investigators.

Federal agents raided Cohen’s office and hotel room in April and seized documents and electronics for their investigation.

Cohen has indicated that he taped some conversations with Trump while serving as his personal lawyer.

Lanny Davis, Cohen’s attorney and an opinion contributor for The Hill, released one such tape in July in which Cohen and Trump discussed paying for the story of a Playboy model who claimed she had an affair with Trump.

Trump blasted the recording on Twitter last month, writing, "What kind of a lawyer would tape a client?"

“Inconceivable that the government would break into a lawyer’s office (early in the morning) - almost unheard of. Even more inconceivable that a lawyer would tape a client - totally unheard of & perhaps illegal. The good news is that your favorite President did nothing wrong!” he wrote.