Russian President Vladimir Putin
Russian President Vladimir PutinThinkstock

The Sunday Times newspaper in Britain is reporting that Russian President Vladimir Putin will be the first foreign leader to meet U.S. President-elect Donald Trump after he takes office.

According to the British newspaper, Trump has announced his plans to hold a summit with Putin in Reykjavik, Iceland, in his first trip overseas.

Sources who spoke with the Times said that Russia is set to agree to the meeting between the two leaders.

Relations between the U.S. and Russia were tense during the tenure of outgoing President Barack Obama.

While the two countries have managed to work together on issues like North Korea and Iran, they have openly clashed on Syria.

Obama also condemned Russia's intervention on the side of pro-Russian rebels in eastern Ukraine and even imposed sanctions on Russian officials over the matter.

Most recently, Obama expelled 35 Russian diplomats following a CIA report which assessed that Russia was responsible for hacking the computers of Democrats in order to sabotage Hillary Clinton's presidential campaign.

While Trump has accepted the intelligence community's conclusion that Russia engaged in cyber attacks during the November election, he has also said that it is time “to move on” and normalize relations with Russia.