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Downing Street said there are still issues to be resolved as talks resume today. But the prime minister and the president of the European Commission, Ursula von der Leyen, are prepared to speak to push an agreement on the line.
Irish Prime Minister Micheal Martin raised hopes for a breakthrough within days.
He said: “I hope that by the end of this week we can see the outline of an agreement.
“That remains to be seen. It depends on political will. One must have hope that an agreement can be reached.”
But government sources warned that the assessment was “optimistic.”
MEPs and MEPs face emergency sessions to rush any deal before the end of the year.
Issue 10 said that Parliament has shown that it can “act in time” when it needs to pass legislation quickly.
Brussels hopes to have a pact signed on Monday to allow the legislation to be passed in the European Parliament in a special session on December 28.
Talks resumed online today after they came to an abrupt halt last week when an EU official tested positive for coronavirus.
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“We will regain control of access to our waters,” he added.
The spokesperson insisted that there will be no extension of the transition period.
Brussels sources are hoping for last minute compensation on the so-called level playing field and reduced access to Britain’s coastal waters to help reach a deal.
The Brexit representative from the EU Parliament, Christophe Hansen, said the bloc would have to be prepared to comply with Boris Johnson’s fishing demands in order to reach a deal.
The Luxembourg MEP said: “There will be commitments on fisheries.
“The status quo is a place we are not going to land on.”
Bernd Lange, commercial chief of the EU Parliament, said: “It is already half past five at night.
“We need a text, otherwise ratification and democratic scrutiny by the European Parliament will be a sham.”
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