President Trump suggested on Monday that a deal has been reached regarding the social media app TikTok.

"The big Trade Meeting in Europe between The United States of America, and China,  has gone VERY WELL! It will be concluding shortly," Trump posted on Truth Social. "A deal was also reached on a 'certain' company that young people in our Country very much wanted to save. They will be very happy! I will be speaking to President Xi on Friday. The relationship remains a very strong one!!! President DJT."

The announcement comes ahead of the Wednesday deadline for the short-video app's U.S. assets to be divested or shut down, Reuters reported Sunday.

The outlet had reported that Trump was expected to extend the deadline for TikTok to be sold by, or divested from, China's ByteDance.

This extension, of which a source informed Reuters, would be the fourth of the original January deadline set by a law that Congress passed.

After taking office on Jan. 20, Trump first extended the deadline to early April, then from May to June, and a third time to September.

Trump said last month that he had U.S. buyers lined up for the app and could extend the deadline again.

However, on Sunday, Trump said regarding TikTok's future, "I may or may not, we're negotiating TikTok right now. We may let it die, or we may, I don't know, it depends, up to China. It doesn't matter too much. I'd like to do it for the kids."

The White House did not respond to Reuters' request for comment on the expected extension for the app that is used by 170 million Americans.

On Sunday, Treasury Secretary Scott Bessent and U.S. Trade Representative Jamieson Greer began trade talks with Chinese Vice Premier He Lifeng and China's top trade negotiator, Li Chenggang, in Spain that will include TikTok, but a deal is not expected before Sept. 17, according to Reuters' source.