Hamas is “studying” an Israeli proposal for a ceasefire in Gaza that would see 10 hostages released in exchange for hundreds of Palestinian prisoners and detainees, an official with the militant group told CNN.

Hamas has reportedly rejected a six-week Israeli cease-fire proposal that would have cost the armed group to surrender its weapons while Israel continues military assaults on Gaza.

Hamas is said to have rejected an Israeli proposal for a six-week ceasefire in Gaza which called for the armed group to give up its weapons.A senior Palestinian official familiar with the talks said the plan gave no commitment to end the war or for an Israeli troop pull-out - key Hamas demands - in exchange for releasing half of the living hostages which it holds.