Israel also accepts proposal for truce, will send negotiators to Cairo on Monday
A Palestinian official said on Sunday agreement had been reached on a new 72-hour Gaza ceasefire.
Israeli officials later said they have also accepted a ceasefire proposed by Egyptian mediators and will send negotiators to Cairo on Monday if the truce holds.
Egypt had called on Israel and the Palestinians to commit to a new ceasefire that would start at midnight (9pm GMT) and be in effect for 72 hours. A previous three-day pause expired on Friday and fighting in a month-old war resumed.
"The Israeli and the Palestinian sides have agreed to the new 72-hour truce to begin serious negotiations leading to a durable ceasefire," said the Palestinian official, who is close to Egyptian-mediated talks.