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Live Blog Update| Israel's war on Gaza

Hamas official says it would release all captives for five-year truce

A Hamas official has reportedly said the Palestinian group is open to an agreement that would involve the release of all remaining Israeli captives and a five-year cessation of hostilities.

Speaking anonymously to AFP, the official said: "Hamas is ready for an exchange of prisoners in a single batch and a truce for five years."

This comes after Hamas said on Friday that it would not accept any proposals that require its disarmament. 

"The weapons of the resistance are not negotiable, and will remain in our hands as long as the occupation persists," the group insisted in a statement.

Hamas representatives are set to meet mediators in Cairo later on Saturday.