According to what officials who are familiar with the planning told Axios, the president will host Jinping in Florida for "a working session" during two days in early April.
The sources said it was Beijing's request that the summit be held at Mar-a-Lago, Mr Trump's "Winter White House", where the US President entertained Japanese Prime Minister Shinzo Abe last month.
The meeting was first reported by Axios.
Trump's Mar-a-Lago estate is a possible site for the summit, which will be closely watched considering Trump's tough talk on China dating back to the campaign.
Trump entered office highlighting grievances with the Chinese regime including concerns over the US trade deficit with China, charges that China is manipulating its currency and opposition to China's territorial claims in maritime areas.
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Shortly after the election, Trump spoke with the president of Taiwan in a move that appeared to question the United States' long-standing "One China" policy that recognizes only the Beijing regime as the nation's true government.
Two key issues will be trade relations and the North Korean threat.
News of the meeting comes as Secretary of State Rex Tillerson prepares to head out tomorrow (14 March) on a journey to east Asia with visits to Japan, South Korea and China to reaffirm American economic and security commitments.
The Palm Beach meeting would mark the first in-person meeting between the two presidents.
Trump highlighted North Korea in recent weeks as one of the USA biggest security threats.